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7.9.2022

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07.09.2022
It is Planned to Reduce Duty on Imported Cement by 5.000 AMD, to Eliminate Duty on Imported Clinker
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It is proposed to reduce the duty on imported cement by 5 . 000 AMD , setting 9 . 000 AMD for per ton instead of 14 . 000 AMD , and to eliminate the duty on imported clinker. The deputy Babken Tunyan informed about this at the regular sitting of the NA Standing Committee on Economic Affairs convened on September 7, when the draft law o n Amending the RA Law on State Duty authored by him and the deputy Hovik Aghazaryan was debated .

According to Babken Tunyan, the adoption of the law is due to the need to protect the local production of cement, as well as to ensure an equal competitive field for imported and locally produced products. Our goal is not to set preferential conditions for local producers and allow them to make a profit at the expense of expensive cement, but to create a competitive situation where they will also have competitors, and this will in some way curb their excessive appetites, and the quality, volumes, and prices will also be regulated in the market ,” Babken Tunyan said.

As a result of the adoption of the draft, the regulation effective from 2019 will be adjusted in accordance with the latest developments in the cement market and the changed basic conditions. The balanced competitive condition of the cement market will be restored, preventing further market concentration and unreasonable price increases. Steps will be taken to increase productivity and lower costs by creating incentives for local companies.

In his co-report, the RA Minister of Economy Vahan Kerobyan presented the endorsement of the Government related to the draft.

The Committee endorsed the draft. The Committee will propose to the NA Council to organize the debate of the draft in the second reading after its adoption in the first reading within twenty-four hours.


07.09.2022
According to Proposed Addenda, Powers to Be Delegated to Heads of Communities
“According to the legislative amendment, it is proposed to delegate the powers of amending and adding the acts, which preserved their legal force, adopted by regional, city, township and village councils and their executive bodies, as well as recognizing them as invalid, to the heads of communities,...

07.09.2022
According to Proposed Legislative Package, Authorizing Norms to Be Established
The draft law on Making Addendum to the Law on Postal Communication stipulates that the RA Government approves the procedure...

07.09.2022
Financial Flows and Spending Directions of Blocks of Flats Regulated
According to the proposed amendments to the Code on Administrative Offenses presented by the Government, it is expected to impose administrative responsibility for not opening a bank account in order to pay mandatory and other payments defined by the Law on Management of Blocks of Flats in a non-cas...

07.09.2022
Amendments Aimed at Reducing Practice of Littering in Unintended Places
Emphasizing the importance of increasing responsibility of society for dumping consumption waste in unintended places and quick detection of violations...

07.09.2022
Arman Poghosyan: Integration with international platforms will be an important contribution to the increase in the efficiency of tax administration
“The cooperation of Armenian tax and policy-making bodies in the international framework has been significantly activated in recent years. We are members of reputable structures which have a good reputation in the field of taxation and carry out activities aimed at capacity development,” the RA Depu...

07.09.2022
In the National Standardization Body Compulsory Demand of Technical Conditions and Document Expertise and Accounting of Their Amendments to Be Set
The standardization sphere, being component of the quality infrastructure system, has an essential influence on the development of the economy of the Republic of Armenia. At the present phase, taking into consideration the new developments of the standardization sphere, the processes being regulated...

07.09.2022
Technical Uncertainty of Choosing Taxation System to Be Eliminated While Registering Business by Adoption of Draft Law
The new registering businesses, conditioned by the problems emerging as a consequence of legal contradictions, often have difficulties related to choosing the system preferable for them. It is proposed to regulate the problem through the elimination of the norm reserving jurisdiction of noting on th...

07.09.2022
It is Proposed to Decrease the Expenditure of the Spoiled Product from the Taxation Base by Profit Tax by One Percent of Gross Income
Persons engaged with the sale and buy in practice often receive spoiled product from the suppliers or during the guarantee period of the product while operating the fact of being spoiled appears. Return of product, replacing with a new one or compensation by money are designed by the contracts. Thos...

07.09.2022
According to Draft, Individuals Who are Considered as Developers of Individual Residential Houses and Not Sole Proprietors and Notaries to Be Exempted From Additional Expenses
The deputies of the NA Civil Contract Faction Gevorg Papoyan and Alkhas Ghazaryan propose an amendment to the Tax Code of the Republic of Armenia in order to exempt individuals who are considered as developers of individual residential houses and not sole proprietors and notaries from additional exp...

07.09.2022
Proposed Amendment to Contribute to Proper Fulfillment of Responsibility of Airline to Passengers as Defined by International Standards
The proposed amendment will define the requirements for the acceptance of transportation with false travel documents on the flight operated by the carrier, for the acceptance of transportation in violation of the requirements of international medical and sanitary rules and related provisions, as wel...

07.09.2022
Sign to Be Posted at Filling Stations That Have Undercharged: Change is More of Preventive Nature
After the administrative act on imposing a fine for undercharging at a filling station became final, during the following three days, a sign must be posted at the distribution stations, in a visible area for the driver, stating that the given filling station has been fined for undercharging. The cha...

07.09.2022
Increase in Effectiveness of Inspection Carried Out by Inspection Body Expected
The legislative amendment proposes to eliminate the requirement to inform the economic entity at least three working days before the start of the inspection when carrying out an inspection in the field of health and labour law.As a result of the adoption of the draft, it is expected to increase the ...

07.09.2022
Committee Approves Simplification of Mechanisms of Mutual Visa-Free Trips between Armenia and Belarus
The executive body proposes to ratify the Protocol on Making Addendum to the Agreement between the Government of the Republic of Armenia and the Government of the Republic of Belarus on Mutual Visa-Free Trips of Citizens of the Republic of Armenia and Citizens of the Republic of Belarus. According t...



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