IT enterprises in Georgia to be exempted from taxes in 2011December 16, 2010 - 16:41 AMT PanARMENIAN.Net - On December 15, Georgian parliament adopted a law on IT zones, envisaging exemption from taxes for IT companies, including export taxes, income taxes and VAT. The law will become effective on January 1, 2011, with companies wishing to be included into the tax-exempt category expected to submit applications to be considered by the government of Georgia. Meanwhile, the necessity of introduction of privileges for IT sector in Armenia, announced a priority sphere by the country’s government, has been repeatedly emphasized. As UITE director general Karen Vardanyan noted earlier, lack of privileges for IT companies in Armenia will lead to outflow of experts to the countries offering better conditions. 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 | Armenia, Turkey discuss restoration of historic bridge The meeting took place on May 17 in Ashgabat on the sidelines of an international conference of ministers of culture. India wants Armenia’s proposals on use of Chabahar port India is expecting proposals from Armenia regarding the use of Chabahar port in Iran, Indian ambassador says. EU welcomes Armenia-Azerbaijan “progress” The EU has welcomed “progress” made in the framework of the Armenia-Azerbaijan border delimitation process. Belarus opposition leader slams Lukashenko for Karabakh trip Belarusian opposition politician Sviatlana Tsikhanouskaya has harshly criticized the visit of Lukashenko to Karabakh. |