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Armenian economy minister endorses tax amnesty scheme

28.04.2011 18:19

Armenian economy minister endorses tax amnesty scheme

YEREVAN, April 28, /ARKA/. Armenian economy minister Tigran Davtian endorsed today a government-designed tax amnesty scheme that would exempt some companies from penalties for their failure to pay their taxes. The scheme was approved by the parliament at its last week session. Tigran Davtian described it today as ‘correct and justified approach.’

The scheme was opposed by Guillermo Tolosa, IMF resident representative, who said IMF is generally opposed to tax privileges.

But according to Davtian, what Tolosa said was a text-book approach of IMF. He added that the government has to revise its economic policy following the global crisis and the main objective is to stimulate economic recovery through a set of incentives.

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