Announcement

Collapse
No announcement yet.

EIF Chairman Proposes Tax Exemption For Computer Sale

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • EIF Chairman Proposes Tax Exemption For Computer Sale

    EIF CHAIRMAN PROPOSES TAX EXEMPTION FOR COMPUTER SALE

    news.am
    Nov 30 2009
    Armenia

    Armenian IT companies are among leaders on the world market,
    while Armenia is among outsiders in terms of computer users, Bargat
    Yengibaryan, Director of the Enterprises Incubator Foundation (EIF),
    stated at the forum "IT leaders' casual meeting" in Aghveran, Armenia,
    on November 28-29.

    This is evidence of the Government's erroneous steps in developing the
    Armenian IT sector, Yengibaryan said. He pointed out that the gaps can
    yet be filled. Specifically, he proposes exemption of computer sale
    from the value-added tax (VAT). "The measure will stimulate demand
    and make computers affordable for socially vulnerable sections,"
    Yengibaryan said.

    He also reported the commencement of a pilot program "Computers for
    everyone" in Armenia, which has already produced impressive results -
    1,000 computers on average are sold a month.

    Greater achievements can be expected if computers are exempted from
    VAT. Yengibaryan proposed two ways of resolving the problem: exempting
    computer sale from the VAT or channeling the tax revenues to social
    problems in this field. The latter option will enable the Government
    to provide more effective selective aid to socially vulnerable
    families. "Our aims is to bring the percentage computer-literate
    population from the current 5% up to 70% by 2018. It is an ambitious
    task, which is impossible to accomplish without radical changes,"
    Yengibaryan said.
Working...
X