Regional meetings with businessmen continue: BSO visits Vayq

Meetings with SMEs in regions carried out toghether with the SMEDNC Armenia continue with a purpose to carry out raising awareness on the upcoming reforms, entrance into force of the Tax Code provisions, as well as identifying new problems voiced by the businesses.

This time the consultants visited Vayq city in Vayots Dzor region. The BSO also distributed informative leaflets on the list of reforms carried out in frames on SME Council as the PPD platform, leaflet on Family business regime ...

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Tax regimes for startups and SMEs: BSO seminar in Gyumri

On October 20th the Head of Business Support Office Gevorg Poghosyan presented a seminar in Gyumri Technology Center, entitled Tax regimes for startups and SMEs. Start-up businesses, even active students interested in business establishment got acquainted with the basic steps of business establishment and the prerequisites for its development in Armenia. Gevorg Poghosyan also introduced among the existing possibilities the refprms- tax regimes enacted with the assistance of BSO experts nd their collaboration with the Armenian Government.  There was a disussion ...

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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 ...

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Оn decreasing the amount of patent fee set for real estate companies

Since January 1 2013 the taxation mechanism for companies providing realtor services has changed and instead of paying profit tax the companies have to acquire a patent (license) for each employee equivalent to 60.000 AMD per month, which has substantially increased the payable taxes for those companies. The vast majority of the 120 registered real estate companies in RA are classified as SMEs that is why this decision was a considerable burden for them.

After holding a number of consultations and ...

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