At its sitting today, RA Government approved the order of applying tax, customs and other benefits under a framework agreement between Armenia and the Committee of European Communities.

The RA Government’s press service informed NEWS.am that the forms will be printed and registered during the following month. The benefits include exemption from VAT, exemption of imported products from customs duties, exemption of nonresident organizations from profit taxes, etc..

The Government also approved the results of contests held on the WB-allocated funds under an irrigation system renovation program.

We would remind you that the Armenian Government and the World Bank signed a credit agreement in Yerevan on July 31. Under the program, irrigation canals in Talin and Armavir are to be renovated.