The Armenian parliament has postponed implementation of a compulsory inventory count in the law on turnover tax today. 75 MPs voted for the project, 1 against, 40 abstained. Prosperous Armenia, Heritage and Orinats Yerkir abstained, Dashnaktsutyun and the ruling Republican Party voted for it.
A thousand small and medium-scale businessmen held a protest against the law in late January, resulting in the second postponement of its implementation (the first postponement until February 1, 2015, was provoked by protests in September 2014).
Naira Zograbyan of the Prosperous Armenia Party declared the postponement of the law’s implementation today. Traders say they cannot make counts of all their inventories because large distributors often sell goods without facture invoices. Moreover, such counts would make the turnover exceed the minimum limit of 58.3 million drams, forcing traders to pay VAT.
