Turnover tax to be substituted with license fees in gold markets
The Government approved a bill on amendments to the Law on License Fees, which sets new rates of license fees for precious metals traders. Deputy Economy Minister Emil Tarasyan introduced the bill at the Government Press Center-hosted news conference following the Cabinet sitting. The bill suggests replacing the turnover tax applicable to gold markets with license fees, with a maximum amount set at AMD35 thousand in Yerevan, AMD25 thousand - in Marz centers and 0 dram - in border... more »
Army service pensions to be raised as of July 1
The Government decided that as of July 1, 2015, the size of military pensions will be raised. This decision was taken at today’s Cabinet sitting. As Minister of Labor and Social Affairs Artem Asatryan told the Government Press Center-hosted news conference following the Cabinet sitting, the base pension amount for the calculation of servicemen’s pensions will be AMD16 thousand instead of the currently applicable AMD14 thousand; the cost of one year of military service will be... more »
