In order to prevent the spread of the novel coronavirus, like many other countries, Armenia has restricted, or in some cases, even suspended the activities of a number of business entities. To provide maximum support to businesses and citizens in the current situation, the Government today approved a comprehensive action plan to counter the adverse coronavirus impact and 5 measures to offset its economic consequences. The program is specifically aimed at addressing the liquidity-related risks for individual business entities, promoting sustainable economic development, identifying and assisting those people who have lost their jobs due to the virus, ensuring the safety of vulnerable groups and supporting their families, modernizing Armenia’s healthcare system, providing efficient management of stocks of food, medical supplies, raw materials and other products.
Nikol Pashinyan stated in this connection: “The program not only seeks to support the competitive sectors and those social layers that suffered the first, but it has an ultimate goal of getting our society and citizens to build a competitive economy in the post-crisis period. We should in no way forget this agenda or the ensuing development scenario. We will have to shift from the logic of survival to the logic of development, strengthening and increasing the country’s overall competitiveness. This is the most important premise that underpins the program.”
The Prime Minister touched on the non-provision of cash receipts and noted: “With the recent increase in retail sales, we have clear indications that the practice of not providing cash receipts is back as many think that cash receipts would be paid less attention amid the ongoing crisis. On the contrary, there is a crisis now, and, yes, more attention needs to be paid to it.
I expect that the State Revenue Committee will tighten measures, considering that many enterprises are not working and even many shops are closed at this point of time, and there are fewer facilities to inspect. I expect that the State Revenue Committee will identify and punish the offenders as there is no excuse for this, especially today, when the retail turnover has increased significantly.
Mediating retrospective analysis we should expose all unscrupulous entities and impose appropriate sanctions. In general, we should not allow the past bad habits to resume during a crisis, especially in the field of tax discipline. Such irregularities should be ruled out and rooted out ahead. In a situation when entities work according to a different logic and in a different mode, the State Revenue Committee should be twice, th...
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