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Haykakan Zhamanak: Hotel Belonging To Flour Mill Lyovik To Be Exempt

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  • Haykakan Zhamanak: Hotel Belonging To Flour Mill Lyovik To Be Exempt

    HAYKAKAN ZHAMANAK: HOTEL BELONGING TO FLOUR MILL LYOVIK TO BE EXEMPTED FROM VAT FOR ANOTHER 3 YEARS

    10:45 04/09/2013 " DAILY PRESS

    During its next meeting, the Armenian government will take a decision
    to exempt Aghtamar Hotel Complex belonging to Levon Sargsyan (Flour
    Mill Lyovik) from VAT for another 3 years, Haykakan Zhamanak says.

    According to the paper, it is the third time the hotel receives tax
    privilege. It is written in official records that Aghtamar boosts
    tourism, creates jobs, etc. But the fact is that this 50-room hotel
    has been operating for 3 years now and pays so little in taxes that
    even does not enter the list of 1000 taxpayers.

    Source: Panorama.am

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