Tax burden on small businesses increased - Armenian MP

Representatives of small business complain that the tax burden will increase from June 2013, MP Edmon Marukyan said in the parliament.

The increase occurred after the turnover tax was introduced. Edmond Marukyan said he took part in the debates on introducing the turnover tax and initially had the impression that it is useful.

“But now they either do not give a receipt from the cash machines, or work at a loss. I am asking to review the 3.5% tax as it is a burden for small business,” he said, addressing the Armenian Premier. (News.Am)