Import Duty to Be Paid Within Ten Days

YEREVAN (Noyan Tapan)–The government of Armenia has decided that the value-added tax and the excise tax on imported goods must be raised and paid in full within ten days of the should be raised within a period of ten days from the date of import.

Importers are given the opportunity to pay the taxes upon entry into the country. If the ten day period is chosen–authorities request a guarantee for payment.

The government also approved the bill on tax privileges for organizations and private businessmen involved in housing construction in the earthquake area (in populated areas approved by the government).

The bill is still to be pushed through Parliament.

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