Armen Alaverdian: Worries of economic entities are mainly
caused by their ingnorance of legislative amendments
22-01-2009 23:00:00 | Armenia | Economy
YEREVAN, JANUARY 22, NOYAN TAPAN. The deputy chairman of
the RA State Revenue Committee Armen Alaverdian on January 22
met with representatives of some trade organization points,
particularly, such fairs as "Vagharsh & Sons", "Gnuni Market",
"Narek" in order to give explanations to economic entities about
problems related to the introduction of cash registers at trade
organization points.
During the meeting, those conducting trade in the gold
market expressed their concern that in case of exceeding the VAT
threshold of 58 million 350 thousand drams, they may have
difficulties because of "being moved to some other field of
taxation". They said that the indicated threshold is quite hard
for those engaged in gold trade which may prevent them from
benefiting from the advantages that business has received as a
result of the recent reforms.
The next issue raised by economic entities was related to
the difficulties in obtaining documents that substantiate their
expenses, in particular, the purchase of gold from individuals.
They also have to incur extra expenses within the fairs in order
to pay for accounting and other services. The representatives of
trade organization points expressed their willingness to pay a
higher fixed payment if the state does not oblige them to use
cash registers.
However, A. Alaverdian told them that the introduction of
cash registers is an irreversible process, and those engaged in
trade must meet the requirements of the law. He said that the
burden of taxation on small business was reduced and the
accounting was simplified as a result of the recent legislative
reforms. In his words, the worries of economic entities are
mainly caused by their ignorance of legislative amendments.
A. Alaverdian assured the representatives of fairs that
their tax burden will not increase with the introduction of cash
registers: via a network connection of cash registers, the tax
bodies will follow entities with a considerable turnover (the
so-called risky ones), while small businessmen have no reason
for concern.