YEREVAN, JULY 3, NOYAN TAPAN. The RA NA, on July 3, in the second reading and completely adopted the bill authored by the RA government, which envisages making amendments and addenda to the valid law "On Fixed Payments." According to the bill, individual entrepreneurs engaged in trade activity at fairs through stalls and other facilities in Yerevan, in territories not exceeding 7 sq.m. and in other places 10 sq. m. will be considered as those paying fixed payments. At that, during three months the trade circulation per one square meter should not exceed 1.2 mln drams and for those selling jewelry wares 2.5 mln drams (nearly 7.3 thousand dollars). The above mentioned amount will regard the total sum of circulation received from activity carried out by tax-payer's all sale points. The adopted amendments and addenda also establish the amount of fixed payment for trade activity at fairs. It is also mentioned that starting July 1, 2008, the monthly amount of the fixed payment will be clarified for each three years, proceeding from the consumer prices index of the previous three years, and will be submitted to the NA.

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