Armenian president signs amendments to law on excise tax

Armenian President Serzh Sargsyan has signed amendments to the law on excise tax, fixed payments for tobacco products, VAT, and the protection of the domestic market, Arka reports, citing the press-service of the president.


The president also signed the law on fixed payments for petrol and diesel fuel and fixed payments for tobacco products, which comes into force on January 1, 2014.


According to the adjustments to the excise tax and fixed payments for tobacco products, petrol and diesel fuel are proposed to be excluded from fixed taxes from January 1, 2011, together with the fixed payments for tobacco products from 2014.

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