YEREVAN. – It is within the Russia-led Eurasian Economic Union (EEU) that Armenia needs to resolve the value-added tax (VAT)-related matters.  

Liqvor pharmaceutical company CEO Sergey Matevosyan told the aforesaid to Armenian News-NEWS.am.

In his words, the problem is that the VAT in Armenia is higher than the other EEU member states (Russia, Belarus, and Kazakhstan), and this increases the cost price of the products.   

“The VAT is 20 percent in Armenia, 10 percent in Russia, whereas zero percent in Belarus and Kazakhstan.

“We hope that the matter will be resolved and all countries will work in a single [playing] field,” Matevosyan added.