Double increase in turnover tax rate will stimulate transition to common taxation system: Deputy Minister Friday, May 17 2024 19:30:00
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 ArmInfo.On May 17, the NA Standing Committee on Economic Affairs debated the draft law on Making Amendments and Addenda to the RA Tax Code with the attached legislative package in the first reading. It was presented by the RA Deputy Minister of Finance Arman Poghosyan, the press service of the RA NA reports. |
Monday, January 29 2024 17:22
ArmInfo. The most important sectors of the Armenian economy, which are of strategic importance for the republic and capable of providing it with long-term and stable economic growth, are targeted by Baku. >>> |
Monday, January 29 2024 17:19
ArmInfo. If in 2022 the list of 1000 largest taxpayers in Armenia included 8 mining organizations, then in 2023 there were already 5 of them. Vardan Janyan, First Deputy General Director of Zangezur Copper-Molybdenum Combine CJSC (ZCMC), President of the Union of Miners and Metallurgists of Armenia stated on January 29 b during a discussion on the topic "Trends in the economic development of the Republic of Armenia in the context of the economic distribution of large taxpayers" at the Club of Economic Journalists. >>> |
Monday, January 29 2024 17:18
ArmInfo.The taxes paid by TOP-10 of the list of 1000 largest taxpayers of Armenia make up about 20% of the budget; for example, TOP-10 in Germany pay only 2.5% of taxes. In 2021, the figure in Armenia was 85%, and in 2022 it was only 58.2%. A 1.5-fold decline indicates successful economic diversification. >>> |
Monday, January 29 2024 14:51
ArmInfo.The European Union intends to attract up to EUR10 billion in investments to establish a transport corridor from Central Asia to Europe through the Transcaucasus and Turkey, bypassing Russia, but so far Brussels is ready to allocate only EURO 2.97 billion for these purposes in the form of two credit lines from the European Investment Bank (EIB ) and the European Bank for Reconstruction and Development (EBRD), informs the statement of the European Commission, made within the framework of the Investors Forum for EU-Central Asia Transport Connectivity that opened in the Belgian capital. >>> |
Monday, January 29 2024 12:37
ArmInfo. Iran is ready to offer its services in construction of reservoirs in Armenia, Iranian Ambassador to Armenia Mehdi Sobhani stated at his meeting with Armenia's Deputy Minister of Territorial Administration and Infrastructure Vache Terteryan. >>> |
Monday, January 29 2024 12:37
ArmInfo. In 2021-2022, a fivefold increase in money transfers from Russia to Armenia was recorded - from $867 million to $4,385mln. However, the reasons for opening accounts in Armenia were, among other things, gaining access to international payment systems, Russian Vice-Premier Alexey Overchuk stated this in an interview with Expert magazine, speaking about the advantages of the Eurasian Economic Union (EAEU) over the EU. >>> |
Monday, January 29 2024 12:36
ArmInfo.The results of 2023 indicate that the real (export) economy has "lost" its position to non-export industries, which are experiencing a temporary boom under the influence of exogenous factors, Former head of the State Revenue Committee of Armenia Davit Ananyan wrote on his Facebook account, commenting on the "List of the 1000 largest taxpayers of the Republic of Armenia" recently published by the tax authority. >>> |
Monday, January 29 2024 12:29
ArmInfo.Armenian National Airlines CJSC, better known as Fly Arna, has not been operating flights since January 10, an informed source told ArmInfo. >>> |
Friday, January 26 2024 15:56
ArmInfo."LIGA Insurance" topped the list of the largest taxpayers in Armenia among insurance companies. According to data from the State Revenue Committee, the LIGA Insurance insurance company rose to the 384th place (the 554th in 2022), paying AMD 815.1mln the state budget, of which AMD 682.6mln as direct taxes. >>> |
Friday, January 26 2024 15:54
ArmInfo.Four telecom operators in Armenia - MTS Armenia, UCom, Team Telecom Armenia and GNC Alpha - paid 39.2 billion drams to the state treasury in taxes for 2023, which is 14% higher than a year ago. Of this amount, 324.8 million drams were paid for customs duties, 9.7 billion - for direct taxes (including profit tax, income tax) and 17.6 billion - for indirect taxes (including VAT, excise tax). >>> |
Friday, January 26 2024 15:52
ArmInfo.For the second year in a row, the Zangezur Copper- Molybdenum Combine (ZCMC) tops the list of the largest taxpayers in Armenia. According to data from the State Revenue Committee, the company sent 70.8 billion drams to the state treasury in 2023 (with an y- o-y decline of 50.8%), of which 5.2 billion drams were for customs duties, 27.1 billion. drams - for direct taxes (including profit tax, income tax), 5.6 billion drams - for indirect taxes (including VAT, excise tax). >>> |
Thursday, January 25 2024 15:09
ArmInfo. There are no restrictions for foreign citizens on transactions of purchase and sale of real estate in Armenia, with the exception of the purchase of agricultural lands. Chairman of the Real Estate Cadastre Committee Suren Tovmasyan told reporters on January 25 during a briefing, answering a question about the possible acquisition of real estate in Armenia by citizens of Azerbaijan and Turkey. >>> |
Thursday, January 25 2024 13:35
ArmInfo. The average monthly salary in Armenia in December 2023 was 356,180 drams ($880) or 179,741 drams (101.9%) more than in May 2018. The y-o-y growth amounted to 25,273 drams or 7.6%. Prime Minister Nikol Pashinyan stated on January 25 at a meeting of the Cabinet of Ministers. >>> |
Tuesday, January 23 2024 18:25
ArmInfo.From now on, composite products containing milk and/or eggs produced in Armenia can be exported to European Union (EU) countries. >>> |
Tuesday, January 23 2024 18:19
ArmInfo. Opposition MP from the <Armenia> faction Tadevos Avetisyan, commenting on rumors circulating in the media about serious financial problems of Fly Arna, declares the dissipation of public funds and demands an answer from officials. >>> |
Tuesday, January 23 2024 15:38
ArmInfo. Germany today is most interested in Armenia's energy sector, the construction of reservoirs and infrastructure; programs for the SME sector are also being considered. Armenian Minister of Economy Vahan Kerobyan announced in an interview with Public Television, summing up the results of his recent visit to Germany. >>> |
Tuesday, January 23 2024 15:35
ArmInfo. The transfer of shares by the Lydian Armenia company, which operates the Amulsar mine, as a gift to the government of Armenia was the company's decision. Head of the economic department, Vahan Kerobyan, announced in an interview with Public Television. "Taking the government as a partner is advisable for the company in the context of creating a more comfortable working environment; moreover, thanks to this step, many risks will be leveled," the minister said. >>> |
Tuesday, January 23 2024 13:10
ArmInfo. The United Arab Emirates (UAE) will top the list of Armenia's investment partners for 2023 and will be the 2nd largest trade partner of Armenia, Armenia's Minister of Economy Vahan Kerobyan told Armenia's Public TV. >>> |
Monday, January 22 2024 18:40
ArmInfo.Armenia, as wine region, attracted the attention of the Wine Enthusiast Magazine, one of the most respected and quoted authorities in the world of wine and spirits. >>> |
Monday, January 22 2024 13:40
ArmInfo. At the first stage, the implementation of the Dry Port project will require investments in the amount of $45 million, of which $7.9 million from the government, $37.1 million from the operating company, Charle Malas, Advisor to Armenia's Minister of Economy told Armenia's Public TV. >>> |
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