08.12.2010 18:53
YEREVAN, December 8. / ARKA /. Armenia’s parliament has approved today in the second and final reading a package of amendments to the laws on taxes, income an VAT, all designed to simplify and facilitate the procedure of reporting to taxation bodies.
A deputy chairman of the State Revenue Committee, Armen Alaverdian, said the amendments will facilitate and simplify tax administration by setting a unified reporting procedure for all economic entities.
According to the latest World Bank `Doing Business' index released last month Armenian businesses have to pay various taxes as many as 50 times a year and spend an average of 581 hours on that, much more than companies in developed Western countries.
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