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First Lottery Of Cash Register Receipts To Be Held In Armenia In 200

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  • First Lottery Of Cash Register Receipts To Be Held In Armenia In 200

    FIRST LOTTERY OF CASH REGISTER RECEIPTS TO BE HELD IN ARMENIA IN 2009

    ARKA
    Dec 12, 2008

    YEREVAN, December 12. /ARKA/. In 2009, a drawing of cash register
    receipts issued to the population is to be held in Armenia for the
    first time, Chairman of Armenia's State revenues Committee Armen
    Alaverdyan reported.

    The lottery is to be introduced as from January 1 and to make Armenian
    population interested in getting cash register receipts.

    Alaverdyan reported that a total of about 45,000 cash registers are
    installed in trade centers in Armenia, including 7,200 cash registers
    in trade fairs.

    "We can say that the problem is solved in terms of the quality, but
    serious steps remain to be taken in terms of the quality so that cash
    register receipts are provided to citizens," Alaverdyan said.

    Traders are obliged to provide these receipts under the law, but
    it is impossible to carry out an everyday monitoring of some 45,000
    economic entities. This lottery is to encourage citizens to ask for
    the receipts themselves, Alaverdyan said.

    He pointed out that Armenian Government was taking the required
    measures in the last two months to provide a proper legal framework
    for the lottery (prevent receipt forgery, establish lottery-holding
    procedure, and etc).

    In his turn, Head of Tax Procedures Department Artur Manukyan said
    that the drawing is to be held on the Public TV of Armenia every fifth
    working day of each month20with receipts for the previous month to
    be ruffled off.

    Cash register receipts are to contain combinations of eight arbitrary
    unique numbers and two-digit series with Armenian capital letters.

    5mln Drams is to be paid off if the eight-digit number matches. If
    seven digits match, 9 receipts are to be paid off 500,000 Drams for
    each. If six digits match 90 receipts are to be paid off - 50,000
    Drams each. If five digits match 900 receipts are to be paid off -
    20,000 Drams each. If four digits match 9,000 receipts are to be paid
    off - 5,000 Drams each.

    Apart from this, bonuses are to be paid - 1% of the winnings for
    every 1'000 Drams worth purchase.

    Before the lottery is held, information on prize calculation will
    be published in "Respublika Armeniyi" newspaper and the official
    website of tax authorities at least three days in advance. Winners
    should apply to the respective local treasury department of Armenian
    Ministry of Finance not later than on the last working day of the
    current month after the lottery is held.
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