“Russian Ministry of Finance Approves VAT Payment for Cross-border Sales by EEU Companies, Aiming to Boost Tax Collection”
The Russian Ministry of Finance has approved a draft law to introduce VAT payment for cross-border sales by EEU registered companies. The law aims to improve customs clearance and registration requirements for foreign intermediaries. It will take effect no earlier than July 1, 2024. Source: NEWS.am.
“UN Grants Awarded to Companies Fueling Tehran’s Nuclear and Defense Programs, Raises Concerns”
United Nations awards grants to companies aiding Iran’s nuclear, petroleum, and defense programs. Measures applied to Iran, Turkey, Oman, and Germany. Finance minister vows to disrupt networks supporting Iran’s arms production.
“Commission for Protection of Competition Introduces New Regulations for Dairy Product Production and Distribution – What You Need to Know”
The Commission for Protection of Competition is discussing new regulations for the dairy industry and payment issues. Changes include establishing a new institution to oversee production and import and setting criteria for supervision. Distributors may have a liability of up to 25 million AMD, ten times higher than producers. Penalties may be applied for breach of obligations. The regulations will come into effect on May 6.
Yerevan Mayor Calls for Compensation to Companies in Circular Economy as Global Trend Recognized
In a meeting, Yerevan Mayor emphasized that companies in a circular economy should be compensated for their efforts. The government or municipality should provide the compensation. The municipality is exempt from providing services to companies, except for landfill tenants. Green Rock is already creating business value. The cycle is about organization, not taking from one area to another. News from Armenia.
“Yerevan Celebrates World Quality International Day: Enhancing Products, Boosting Competitiveness and Satisfying Customers”
Celebrate World Quality International Day in Yerevan. Enhance product quality, satisfy customers. Ministry of Economy organizes event. Minister presents progress in competition and standardization. Manufacturers awarded for quality management practices. News from Armenia.