ARMENIAN STATE REVENUE COMMITTEE TO INTRODUCE VAT AUTOMATIC RETURN SYSTEM

/ARKA/
July 27, 2010
YEREVAN

YEREVAN, July 27. /ARKA/. Armenian State Revenue Committee, in
cooperation with the USAID, will introduce the risk-based system of
automatic return of VAT, the Committee's official site reports.

Representatives of the committee and the Armenian mission of USAID
gathered in Tsakhkadzor, Armenia, on July 23 for a two-day conference.

They discussed issues related to the new system introduction.

The committee has set up 22 groups for working out new e-governing
modules and using them.

This joint program is being implemented as part of the memorandum
signed on May 4 for improving tax administration and business
procedures.

The conference participants also discussed VAT return criteria and
technical solutions for introduction of the new system.

This effective system will spur development of business environment
in the country.

The system will also lessen export-related uncertainty.

Earlier, Armenian Finance Minister Tigran Davtyan said that AMD 18
billion is planned to be allocated in 2010 for returning overpaid VAT.




From: A. Papazian