SME Development Council Meeting took place at the Government

Prime Minister Hovik Abrahamyan chaired a regular meeting of the Small and Medium Enterprise Development Council. Proceeding to the agenda, the Council first discussed the performance of the assignments given at the previous meeting. In particular, discussed were the steps taken to enable Bed and Breakfast small businesses benefit from the privileges of family business regime. It was reported that since January 1 several private entrepreneurs engaged in B&B business have benefit from this privileges.

Coming to the proposal for establishing differentiated rates of local taxes for SMEs and larger businesses, which were also discussed at the previous meeting, Prime Minister Hovik Abrahamyan told those concerned to submit a draft as shortly as possible, which would allow local authorities to take into account the outlet area while considering the factors of base rates of local taxes without reviewing fees.

Then the meeting looked at the possibility of reconsidering the rates of import and export duties for small-value goods and commodities. During the exchange of opinions that followed, the stakeholders came up with different approaches and recommendations. The Prime Minister instructed the relevant departments to follow up on the proposals voiced at the meeting in order to finalize the positions.

Other issues on the agenda were also discussed by the Council and will be referred at the following meeting after more detailed researches and calculations.

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