YEREVAN. – Competing with the oligarchs of Armenia is a senseless waste of time.  

Opposition Armenian National Congress Party representative, former Yerevan Mayor, economist Vahagn Khachatryan stated the aforesaid. 

He commented on State Revenue Committee Deputy Chairman Armen Alaverdyan’s recent announcement that Armenia’s value-added tax (VAT) exemption threshold is larger-than-life and it undermines the competition among businesses.   

“The State Revenue Committee can find competition-related problems in the competition with the oligarchs. Can anyone [in Armenia] compete with the oligarchs?” Khachatryan asked.   

As per the economist, the easing of the tax and inspection procedures could have helped Armenia’s businesses in this respect.

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