YEREVAN. - VAT reimbursement in Armenia will extend not only to the exporters but also investors, Deputy Chairman of the State Revenue Committee (SRC) Vakhtang Mirumyan said, introducing the new draft Tax Code in the Armenian Parliament Thursday.

In his words, this opportunity will be provided to the investors if they make investments but don’t manage to get the VAT reimbursement from the equipment suppliers. A number of liberalization measures have also been provided for the VAT deduction. Apart from this, VAT will not be levied from the conscientious foreign trade entities on the border upon the import for temporary processing and the ensuing export.

 “Such entities will be granted the status of authorized economic operator, following which they can import raw materials and export ready-made goods without the VAT payment and reimbursement, which will facilitate their work,” Mirumyan added.