No bonuses to be given for cash register receipts in 4th<br /> quarter of 2009<br />


No bonuses to be given for cash register receipts in 4th
quarter of 2009

  • 08-10-2009 23:00:00   | Armenia  |  Economy
YEREVAN, OCTOBER 8, NOYAN TAPAN. In accordance with the decision made by the RA government at the October 8 sitting, no bonuses will be given for cash register receipts in the 4th quarter of 2009, and bonuses in the amount of 1% of the purchases made (irrespective of their number and amount) will be paid starting from January 1, 2010. Bonuses will be given only with respect to economic entities paying profit tax. Thus, henceforth cash register receipts will be used for raffles only. According to Prime Minister Tigran Sargsyan, this decision was taken after the prime minister's supervisory service conducted checks at the request of the State Revenue Committee (SRC) and revealed gross violations related to receipts. "Some representatives of our talented people have invented various means of bypassing the law and stealing money from the state. For example, during 10 seconds 7 receipts are printed - each for 1 million drams - with the aim of receiving bonuses from the state later. There have been many such cases" he said. In some cases, enterprises liable to fixed payments have printed cash register receipts and distributed them to their employees instead of salaries. The prime minister instructed SRC to conduct checks within 3 months at those enterprises (including importing ones) which had provided many receipts over a short period of time. He announced that thanks to these measures SRC has already collected an additional sum of 5 billion drams, that is to say, this process has considerably contributed to reduction of the shadow economy.
  -   Economy