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Armenia Registers Air Companies Without Fees

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  • Armenia Registers Air Companies Without Fees

    ARMENIA REGISTERS AIR COMPANIES WITHOUT FEES

    /PanARMENIAN.Net/
    24.09.2009 00:13 GMT+04:00

    /PanARMENIAN.Net/ Air companies in Armenia are registered free of
    charge, Chairman of Controls Chamber Ishkhan Zakaryan told today a
    news conference. "Armenia's current legislation does not stipulate
    for any duties or fees for air company registration," he said.

    Armenia has 12 registered air companies, of which 9 operate abroad and
    3 - in Armenia. In that connection, Zakaryan noted that registration
    of such air company might cost $ 382 million in UAE and over $ 1
    billion in Britain. According to him, none of companies operating
    abroad duly paid taxes in 2007-08. Thus, Taron air carrier which
    exploited 1 airline in 2007 and 4 airlines in 2008 worked without
    income in the above period and paid no taxes. "Tax payments of those
    9 air companies totaled AMD 37.2 billion for 2007-08," he said.

    As regards air carriers operating in Armenia, Armavia exploited 7
    airlines in 2007 and 8 airlines in 2008 and paid taxes in the amount
    of AMD 1.3 million. Air Armenian which exploited 5 airlines in 2007-08
    paid AMD 212 million, while Armairo which possesses only 1 helicopter
    paid a total sum of AMD 41.3 million, which exceeds the tax payments
    of the above-mentioned 9 companies. "There are serious problems in
    the sphere, so it is necessary to amend the relevant legislation,"
    Zakaryan noted.
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