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March 28
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The Armenian government is ready to discuss the abolition of VAT at customs when importing various types of goods into the country, said on Wednesday Deputy Finance Minister Arman Poghosyan at a meeting of the Permanent Parliamentary Committee on Economic Affairs during the discussion of the bill on amendments and additions to the Tax Code.

According to him, at the same time, it is still difficult to abandon it.

Prosperous Armenia Party MP Mikayel Melkumyan proposed to completely abolish VAT at the border for all types of imported goods.

According to him, in world practice, VAT is not paid before, but after the sale of goods.

But, on the other hand, as Melkumyan noted, honest business suffers from this, because time passes between import and sale of goods.

The Finance Ministry representative said that if VAT is completely abandoned at the border, then several articles of the Tax Code should be changed on the procedure and timing of writing off VAT, and on tax regimes for business.

“All this requires lengthy discussions,” said Deputy Minister Arman Poghosyan.

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