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New law to help companies pay their back taxes

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  • New law to help companies pay their back taxes

    New law to help companies pay their back taxes

    15:19 - 01.07.11


    Armen Alaverdyan, the deputy head of the State Revenue Committee, told
    a news conference today that under a new law to be enacted on July 4,
    companies owing unpaid taxes to the government would be exempted from
    paying fines.

    He said their debts will be restructured: the companies owing in taxes
    less than 50 million drams (about $134,000) will be allowed to pay
    their back taxes over the period of 10 months; those owing more than
    that, will get 24 months.
    Alaverdyan said the total amount owed to the state as per June 1,
    2010, is 200 billion drams (about $54 M), out of which 96 billion
    drams comprise the fines.


    Tert.am

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