Tax, Customs Reforms are Priority, Says Economy Minister

YEREVAN (Armenpress)–Tax and customs reforms continue to remain the Government’s major priorities, Armenia’s Economy Minister Nerses Yeritsian told reporters during a press conference on Tuesday.

he successful implementation of these reforms will improve Armenia’s business environment and make Armenia a place where following the laws is honorable and profitable, he said.

According to Yeritsian, a special package of reforms has been specifically developed to address the improvement Armenia’s business environment.

The package will be put to a public debate later this month, he said.

But reforms aimed at improving Armenia’s business environment are not limited only to the tax and customs spheres, he noted, adding that special changes should be made to improve the collection of state dues and fees.

According to him, there are three ways to improve the current situation. The first requires the promotion of entrepreneurship in Armenia; the second necessitates a protection of intellectual property rights; the third involves the introduction of e-governance.

Yeritsian also spoke about the need to give support to small and medium-sized businesses through tax administration reforms.

“The links between the public and private sector should become more active,” he said.

Armenia’s information technology and tourism industries must also be developed, Yeritsian said, adding that the country’s once famous chemical industry must be revived and retooled to focus on pharmaceuticals.

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