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Government gives equal rights to cigarette importers, local manufacturers
May 5, 2011 - 10:19 AMT
PanARMENIAN.Net -
The Armenian government has approved a bill on legislative changes to
be introduced in the laws on domestic market protection, licensing and
state duty. As Economy Minister Tigran Davtyan said, the bill gives
equal rights to cigarette importers and local manufacturers.
In October 2010, the Armenian parliament passed amendments to the law
on excise tax. The amendments envisage a stage-by-stage equalization
of rates for both local producers and importers till 2014.
The World Trade Organization (WTO) rules prohibit any fiscal or
regulatory preferences for domestic products. Excise rates should be
equal for local and imported cigarettes. A similar requirement on
equal tax rates for imported and locally produced products is
contained in the Free Trade Agreements (FTA) signed by Armenia with 13
countries, including Russia and Ukraine.
From: A. Papazian
May 5, 2011 - 10:19 AMT
PanARMENIAN.Net -
The Armenian government has approved a bill on legislative changes to
be introduced in the laws on domestic market protection, licensing and
state duty. As Economy Minister Tigran Davtyan said, the bill gives
equal rights to cigarette importers and local manufacturers.
In October 2010, the Armenian parliament passed amendments to the law
on excise tax. The amendments envisage a stage-by-stage equalization
of rates for both local producers and importers till 2014.
The World Trade Organization (WTO) rules prohibit any fiscal or
regulatory preferences for domestic products. Excise rates should be
equal for local and imported cigarettes. A similar requirement on
equal tax rates for imported and locally produced products is
contained in the Free Trade Agreements (FTA) signed by Armenia with 13
countries, including Russia and Ukraine.
From: A. Papazian