Armenian Government Plans To Curb Key Tax Exemption
Risking renewed protests from small businesses, the Armenian government confirmed on Tuesday plans to significantly restrict a legal exemption from valued-added tax (VAT) enjoyed by them.
The government introduced the VAT threshold in August 2007 as part of its efforts to phase out simplified tax which tax authorities said was increasingly abused by larger businesses keen to evade taxes. It ordered all small firms and even market traders to install cash registers in order to be able to calculate their real turnover.








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