The cashpoints will serve the small business thrice cheaper, Deputy Minister of Armenian State Revenue Committee (SRC) Vakhtang Mirumyan told journalists Thursday. This is new generation equipment, he added.

All the economic entities using cashpoints have so far paid 3600 AMD per month for their service. Currently these services will also be provided by Bureau on Introduction of Cashpoints non-profit State Organization.

The service to small business (with less than 115 mln AMD turnover per year) in cities will be thrice cheaper, namely 1 200 AMD. While in the villages it will be four times cheaper, amounting to 900 AMD. The service will be free in border settlements.

The payment will remain 3600 AMD for large economic entities (with turnover exceeding 500 mln AMD per year) with the purpose of subsidizing the tariffs of small economic entities.  

Under the acting legislation, the new generation cashpoints (with Internet connection) must replace the old ones starting from 1 January 2017.