“President Quinni and Committee Head Badasyan Forge Deal in Geneva: US Pumps $13 Million into Rent and Agricultural Equipment to Boost Border Security”
US President, Kristina Quinni, and Public and Economic Committee head, Rustam Badasyan, discuss the increase in rent & $13M agricultural equipment aid from USA. Enhancing border security & promoting cooperation crucial, says US Ambassador.
“Armenian Gambling Organizers to Face 10% Tax on Earnings Over 5 Million Drams, Says Head of State Revenue Committee”
Organizers of gambling activities in Armenia earning over 5 million drams will pay a 10% tax, as discussed by Rustam Badasyan of the State Revenue Committee. The government aims to regulate earnings taxation in the gambling sector, currently considered non-taxable. Remaining earnings will be calculated annually, and if there’s a positive difference, it will be subject to a 5% tax rate paid through a declaration to the state budget.
“Incredible Growth: Armenia’s Real Transaction Exceeds Trillions, Revenues Skyrocket by 32%”
Armenia’s real transaction in 2023 reached 648.7 million AMD ($12.2 trillion AMD), exceeding the previous year by 45 million AMD ($2.1 trillion AMD). State-owned companies’ revenues from EAEU increased by 32%, with Armenia receiving 73 billion AMD ($187.5 billion AMD) from the Commonwealth’s Joint Fund.
Armenian Tax Service Director Congratulates Taxpayers on Taxpayer Day
Armenian Tax Service Director Rustam Badasyan sends a congratulatory message on Taxpayer Day, highlighting the important contribution of taxpayers to the country’s development and security. He assures the commitment to improve services and transparency while implementing ongoing reforms. The aim is to enhance tax administration and minimize unfairness, ensuring public safety and prosperity.
Government Ends Subsidy for Vending Machine Locations in Gyumri Market
Government subsidy for vending machine location in Gyumri market area will not be extended during the first three days of the week. Starting from the fourth day, fees will be collected at a daily rate of 5,000 drams. Monthly fee currently 1,600 drams. Reduction in wholesale operations expected with increased state revenue subsidy for temporary storage of products. This will benefit consumers with more favorable financial tools. News from Armenia.
Margara Checkpoint Construction Nears Completion, Open Borders Within Reach
Construction of Margara checkpoint to be completed next week, as announced by Rustam Badasyan, head of State Committee on Mandatory Executive Services. The work is progressing despite delays caused by urgent matters. No corrupt risks are involved in the construction. Negotiations are underway to open the Armenian-Turkish border for the benefit of citizens and diplomats.