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NATIONAL ASSEMBLY PASSES FOUR BILLS AND LEGISLATIVE PACKAGES DISCUSSED THE DAY BEFORE
Author: Meliqian Gayane
Editor: Eghian Robert
Noyan Tapan News Agency, Armenia
Oct 2 2007
YEREVAN, OCTOBER 2, NOYAN TAPAN. At the morning sitting on October 2,
the RA National Assembly passed the four bills and legislative packages
discussed the day before that make some amendments and additions in
a number of laws.
An addition was made in first reading to the Law on Profit Tax, as a
result of which non-residents registered in offshore areas will lose
their tax privileges.
The amendments and additions, which were passed in first reading to
the Law on Value Added Tax and several laws, stipulate a number of
provisions previously prescribed by the RA government's decisions
and other legal acts: these provisions are related to control and
supervision over legal entities, as well as natural persons engaged
in entrepreneurial activity.
The NA passed in first reading the addition to the RA Law on Provision
of the Earth's Interior for Exploration and Mining with the Aim of
Using Minerals (Concession). By this addition, information about the
respective Earth's interior site shall be provided to tax bodies with
the aim of using this information in supervisory work.
The package of additions and amendments to the RA Law on Higher and
Post-Graduate Education and the RA Law on Education was adopted fully
in second reading. Based on this, a former student who interrupted
his/her studies has the right to enroll again in a higher educational
institution, irrespective of the reason for interrupting studies,
within 10 years. Besides, students of the paid education system
(without the right of delay) will receive the right to be transferred
to the free education system - based on the excellent annual results
of studies.
Author: Meliqian Gayane
Editor: Eghian Robert
Noyan Tapan News Agency, Armenia
Oct 2 2007
YEREVAN, OCTOBER 2, NOYAN TAPAN. At the morning sitting on October 2,
the RA National Assembly passed the four bills and legislative packages
discussed the day before that make some amendments and additions in
a number of laws.
An addition was made in first reading to the Law on Profit Tax, as a
result of which non-residents registered in offshore areas will lose
their tax privileges.
The amendments and additions, which were passed in first reading to
the Law on Value Added Tax and several laws, stipulate a number of
provisions previously prescribed by the RA government's decisions
and other legal acts: these provisions are related to control and
supervision over legal entities, as well as natural persons engaged
in entrepreneurial activity.
The NA passed in first reading the addition to the RA Law on Provision
of the Earth's Interior for Exploration and Mining with the Aim of
Using Minerals (Concession). By this addition, information about the
respective Earth's interior site shall be provided to tax bodies with
the aim of using this information in supervisory work.
The package of additions and amendments to the RA Law on Higher and
Post-Graduate Education and the RA Law on Education was adopted fully
in second reading. Based on this, a former student who interrupted
his/her studies has the right to enroll again in a higher educational
institution, irrespective of the reason for interrupting studies,
within 10 years. Besides, students of the paid education system
(without the right of delay) will receive the right to be transferred
to the free education system - based on the excellent annual results
of studies.