ArmInfo.

ArmInfo.

ArmInfo.Based on its obligations, the State Revenue Committee of Armenia initiated and submitted for discussion to the public a package of draft laws on  introducing amendments to the RA Bank Secrecy, Insurance and  Insurance Activities Act and amendments to the RA Tax Code.

ArmInfo.

ArmInfo.Precious metals prices continue to rise in Armenia, accelerating the weekly growth rate from 0.5% to 2%. In particular, this week all precious metals  showed growth with the exception of palladium, which has maintained a  downtrend from the previous week.

ArmInfo.Contactless payments are more than applicable nowadays. From now on, the limit for making a payment without entering the PIN code for newly issued cards is 20,000 AMD. To pay via IDBank’s Visa payWave cards at different stores, you just need to keep the card near the POS terminal.

ArmInfo. The Armenian government forecasts a negative economic growth of 2% and a budget deficit of up to 5% of GDP. This was announced today by RA Minister  of Finance Atom Janjughazyan, presenting the amendments to the budget  for 2020 approved by the Cabinet of Ministers, dictated by the  uncertainty caused by the COVID-19 pandemic.

ArmInfo.

ArmInfo.According to the results of the Q1 of 2020, the actual fulfillment of the state budget in terms of tax revenues amounted to 349 billion drams, exceeding the  target by 9.5 billion drams.  Chairman of the State Revenue Committee  (SRC) of the RA David Ananyan announced this on April 23.

ArmInfo.

ArmInfo.

ArmInfo. The State Revenue Committee (SRC) reports that the beneficiaries of the 10th anti-crisis measures package (micro-business entities) who have  submitted an application (CV)  in electronic format and do not have a  bank account can receive one-time grants at any of VTB Bank branches.

ArmInfo.

ArmInfo. Four Armenian telecom operators increased tax payments to state treasury in the first quarter of 2020 in 2.6 times - up to 8.1 billion drams. In  particular, 16.2 million drams were paid on customs duties during the  reporting period, 7.1 billion drams on direct taxes (including income  tax, income tax), and indirect taxes (including VAT, excise tax) tax)  - 3.1 billion drams. This is evidenced by the list of the largest  taxpayers of Armenia published by the RA State Revenue Committee.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo. In the first quarter  of 2020, the list of the largest taxpayers of Armenia continues to be  headed by Gazprom Armenia, which paid 17.7 billion drams to the state  treasury with an annual growth of 31.1%, of which 89.2 million drams  - for customs duties, 2.1 billion drams ( including income tax,  income tax) - for direct taxes, 15.5 billion drams - for indirect  taxes (including VAT, excise tax).

ArmInfo.IFC, a member of the World Bank Group, is investing €18.5 million in the European Fund for Southeast Europe SA, SICAV-SIF (EFSE). The facility will be used for on-lending to micro, small, and medium enterprises (MSMEs) through banks and microfinance institutions in fourteen European and Central Asian (ECA) countries. EFSE is the largest regional debt facility financing MSMEs in the region.

ArmInfo.