SME tax administration facilitated in 2009May 24, 2010 - 10:36 AMT PanARMENIAN.Net - Tax administration for small and medium-sized enterprises (SME) was considerably facilitated in 2009, Armenian Prime Minister said. “The VAT threshold was raised from AMD 3mln to 58.3mln. Besides, monthly VAT report will be submitted by the enterprises with AMD100mln turnover instead of previous AMD 60mln. The VAT payment terms were prolonged up to 3 years, if it exceeds AMD 300mln,” Tigran Sargsyan said. “The government approved 7 investments programs amounting to AMB 17.5bln, what allows creation of 500 job opportunities in various economic sectors. The list of documents needed for export and import of goods has been shortened. These measures taken to improve the business environment helped Armenia go up from 50th to 43rd place in Doing Business rankings,” the Prime Minister said. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Power of One Dram to benefit Road of Life, Strong Mind IDBank and Idram summarize the results of the May program of “The Power of One Dram”. Yerevan State University, Ucom sign Memorandum of Cooperation Rector of Yerevan State University Hovhannes Hovhannisyan and General Director of Ucom Ralph Yirikian signed the memorandum. EU to provide budgetary support to Armenia The agreement is aimed at increasing the competitiveness of the educational system of Armenia. Aliyev: No peace treaty unless Armenia changes constitution Azerbaijan will not sign a peace treaty with Armenia unless the latter changes its constitution, Azerbaijani President Ilham Aliyev said. |