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The proposed amendments to the Armenian tax code suggest deducting small businesses from the tax burden with an annual turnover of up to AMD 24 million, said Bright Armenia party MP Mane Tandilyan on Tuesday.

According to her, the new draft law explains what kind of business can take advantage of these tax benefits: small catering facilities located in the Armenian regions, rural shops, as well as families living in villages and having their own small business.

The bill is mainly socially oriented and should contribute to the development of micro-enterprises outside of Yerevan, the MP noted.

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