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Tax privileges in the field of reprocessing of farm products

12.02.2015

On February 12 a regular sitting of the NKR Government headed by Prime Minister Arayik Haroutyunyan has been held. The Executive appeared with a number of legislative initiatives. According to the amendment made in the NKR law “On the income tax” it is supposed to pay back income taxes to the physical persons, who had bought houses in the territory of NKR during the last 5 years, at the rate of interest amount of the mortgage credit servicing.
By the words of A. Haroutyunyan that step is undertaken to reduce tax burden of the citizens who make use of the mortgage program. The Government has made amendments in the land code as well. The draft laws would be submitted to the National Assembly’s discussion.
At the sitting action plans aimed at the NKR economic development realized by means of state budget 2015 has been approved. About 30mln AMD state assistance is allocated about 6 action plans.
By the Government’s decision some farm products including flavor, bread and lavash will be released from VAT. Hereby the state assists the producers to realize their products in Armenia and develop the production. The Prime Minister mentioned that it is necessary to develop and implement similar tools for the light industry as well.
The Government endorsed in NKR forage industry and stockbreeding development program for 2015-2017.
The Government approved agriculture programs of action plans to be realized in 2015 by state budget means. For these purpose about 3milliard 342 million AMD has been allocated.
A centralized action plan of the ministry of education and science for 2015 has been endorsed by the Government as well.
The Government approved the experimental order of providing state financial assistance to students for interurban transport, according to which students will get checks with partial subsidization. The decision will come into force from March 1 and will be in force till the end of the year.
According to the draft decision affirmed at the session AMD 112 million will be assigned to ‘Stepanakert’s boarding house” SNCO for about 75 persons.

The Executive asserted the government order of capital investments implemented by state budget means of 2015 equal to AMD 8 milliard 983 million 152 thousand. The Prime Minister warned strictly to implement construction works on the basis of contracts and pay wages without delays.

 

 

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