Representatives of Armenia’s IT field discuss tax and customs mattersJanuary 26, 2011 - 18:47 AMT PanARMENIAN.Net - On January 25, 2011, Enterprise Incubator Foundation (EIF) hosted a roundtable meeting of the members of Investment and Entrepreneurship Working Group of the IT Development Support Council of Armenia (IT DNC) to discuss legislative changes suggested by EIF and the Union of IT Enterprises of Armenia (UITE) targeting tax and customs-related laws and regulations. In an effort to bring up tax and customs issues that cause concern among IT companies in Armenia, in October-December 2010, EIF and UITE had held a number of discussions with representatives of Armenian IT companies, and had developed suggestions on legislative changes. In particular, suggested changes are to optimize customs relations and procedures for Armenian IT companies, and to make amendments in Resolution No. 753 of the RA Government (November 27, 1998) to reduce tax payments for IT companies through full calculation of expenses versus partial calculation. In result of the roundtable discussion slight modifications were made to the proposed legislative changes. It was decided to include these issues in the agenda of the next meeting of IT DNC which will be chaired by Prime Minister of Armenia Tigran Sargsyan. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | U.S. warns Georgia not to side with Moscow against the west Georgia has been warned by the U.S. not to become an adversary of the west by falling back in line with Moscow. Power of One Dram sums up two-year program with Teach for Armenia Idram Junior also joined the companies during the visit, bringing with it a fascinating intellectual game for children Moscow slams EU mission in Armenia for “provocative activity” The EU mission is doing more and more against Armenia’s neighbors Russia, Azerbaijan and Iran, Mikhail Galuzin said. Yerevan Mayor to travel to Paris on May 15-19 The official delegation headed by Yerevan Mayor Tigran Avinyan will travel to Paris from May 15 to 19. |