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Armenian Parliament Discusses The Opportunity Of VAT Exemption Of Im

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  • Armenian Parliament Discusses The Opportunity Of VAT Exemption Of Im

    ARMENIAN PARLIAMENT DISCUSSES THE OPPORTUNITY OF VAT EXEMPTION OF IMPORTED AGRICULTURAL MACHINES

    /ARKA/
    JUNE 22
    YEREVAN

    YEREVAN, June 22. /ARKA/. On Wednesday the Armenian Parliament adopted
    the amendments in the Laws "On VAT" and "On the list of goods imported
    by zero rate of customs duties and non-taxable excise tax without VAT".

    It proposes to exempt the imported agricultural machines and
    fertilizers from VAT.

    Armenian Agricultural Minister Sergo Karapetyan said that the
    amendments will allow to increase the accessibility level of imported
    resources used in agriculture, including mechanization of production
    process.

    Particularly, the amendments propose to exempt the imported
    agricultural machines, spare parts, fertilizers, pesticides, seeds,
    especially wheat and barley.

    The proposed changes will also allow to create pre-conditions for the
    increase of productivity of the sphere, provision of accessibility
    of resources in the local market and increase of their use which will
    bring to the increase of mechanization level and productivity of the
    sphere", said Karapetyan.

    In future this list can be expanded but today the mentioned directions
    are the priorities.




    From: A. Papazian
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