ArmInfo. Armenian Prime Minister Nikol Pashinyan proposed revoking tax benefits for small businesses if they violate cash register receipt issuance rules three times within a year. The head of the Armenian government announced this initiative at a Cabinet meeting on June 18.
According to Pashinyan, if this scenario occurs, small businesses could lose their tax incentives for five years. The Prime Minister emphasized that the government is preparing new projects aimed at supporting microbusinesses, including zero-tax rates. Starting January 1, 2027, this benefit will be available to businesses with an annual turnover of up to 50 million drams, up from the current 24 million drams.
"However, when providing benefits, we must require them to operate honestly," said Nikol Pashinyan, adding that small businesses found to have failed to issue receipts three times in a year will be banned from operating as both microbusinesses and VAT-paying businesses for five years. In this case, some businesses will have to close, but if they operate honestly, they will have no problems.
Pashinyan also ordered that, starting January 1, 2027, the list of goods to be labeled with QR control stickers be expanded as much as possible. This will allow the tax service to monitor the circulation of not only the total volume of goods but also each individual package or bottle. This will further reduce shadow trade.
