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Time in Yerevan: 11:07,   28 March 2024

No instruction to supermarkets to operate with individual enterprises: SRC denies media reports

No instruction to supermarkets to operate with individual enterprises: SRC denies media reports

YEREVAN, JUNE 2, ARMENPRESS. Armenia’s State Revenue Committee denies the media reports according to which the government has tasked to tax the local agricultural goods not within the VAT field, but with individual enterprises as previously.

In response to the ARMENPRESS inquiry, the SRC said that there is no information on such agreement at the SRC level. In addition, during the recent meeting with the SRC Chairman Davit Ananyan the businessmen were called on to work within the VAT field.

Earlier business trainer Vahram Mirakyan said on Facebook that the prices decreased since the government tasked to tax the local agricultural goods with the individual enterprises as previously. His Facebook post created discussions in social networks where some of the users are already alarming that disinformation is distributed.

As part of anticorruption campaign the National Security Service of Armenia has exposed tax evasion mechanisms developed by the largest business entities of Armenia. The mechanism is based on the registration of hundreds of individual enterprises that are in fact engaged in false entrepreneurship. According to the preliminary data, “Alex Holding” LTD, being a accompany that pays value added tax, reached an agreement with the former leadership of the State Revenue Committee (SRC) of Armenia at the end of 2016 to implement the realization of agricultural products bought from farmers in the supermarket chain “Yerevan city” under the name of different individual enterprises the annual turnover of which does not exceed 115 million AMD. This gave “Alex Holding” LTD an opportunity to pay only 2% turnover tax instead of 20% VAT and income tax. The leadership of “Alex Holding” LTD registered 461 individual enterprises at the same notary office in the name of the employees of their company and the family members of the employees. 

In addition, the NSS has also revealed that the farmers who supply goods to the supermarkets mainly work without documents.

The new chairman of the State Revenue Committee Davit Ananyan announced that the agreements reached with the former government will not exist anymore. He told the economic entities that it is necessary to work with new rules and in the legal field.

On June 1 the leaders of major supermarkets sent an open letter to the Prime Minister urging to organize a meeting to discuss the current situation. They proposed to develop legislative mechanisms for solving the issue. The leaders of Yerevan City, Nor Zovk, Evrika, Kaiser, Krpak, Sas Group, Parma, Tsiran, Vas Group and Danielyan supermarkets have signed under the letter.

After the discoveries of these violations, starting from June 1 the prices of meat and agricultural products have increased by nearly 20% in supermarkets.

English – translator/editor: Aneta Harutyunyan

 








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