Small business owners in Armenia staged a protest outside the government building on Monday, voicing strong opposition to a proposed tax increase they say will worsen economic conditions and threaten their operations.
According to Armenian media, protesters collected more than 2,300 signatures against the new tax burden.
Hakob Avakyan, head of the Association for SME Cooperation, stated that the government refuses to engage in dialogue with the business community, adding that decisions are being made without considering the opinions of entrepreneurs. He warned that the authorities’ refusal to revise their decision could have the opposite effect of what they intend.
Protesters also criticized the government for making administrative documentation processes excessively complicated. Ermine Tovmasyan, head of the Armenian Association of Accountants, added that the likely outcome of the new taxation rules would be an increase in the number of accountants operating off the books.
As of January, the turnover tax rate was doubled — from 5% to 10% for trade and from 3.5% to 7% for manufacturing. Additionally, a new regulation coming into effect on July 1 will remove preferential tax treatment (on VAT and corporate profit tax) for construction, real estate, legal, and accounting companies.
The Libyan army’s chief of staff, Mohammed Ali Ahmed Al-Haddad, tragically died in a plane crash on Tuesday after departing from Türkiye’s capita...
The economic and political relationship between Azerbaijan and Türkiye has been on an upward trajectory, with both countries strengthening their ties...
In the midst of political tensions and a looming budget crisis in France, the government is grappling with the intricacies of passing an emergency bil...
Afghanistan and Iran have signed an implementation plan to strengthen regulation of food, medicine, and health products based on a 2023 cooperation ag...
Current security challenges and ongoing geopolitical shifts were the focus of the annual Georgia Ambassadors' Conference taking place from 22 - 25 Dec...
The Libyan army’s chief of staff, Mohammed Ali Ahmed Al-Haddad, tragically died in a plane crash on Tuesday after departing from Türkiye’s capital, Ankara, as confirmed by the prime minister of Libya’s internationally recognised government.
The economic and political relationship between Azerbaijan and Türkiye has been on an upward trajectory, with both countries strengthening their ties through a broad spectrum of cooperation.
In the midst of political tensions and a looming budget crisis in France, the government is grappling with the intricacies of passing an emergency bill ahead of the Christmas period.
Afghanistan and Iran have signed an implementation plan to strengthen regulation of food, medicine, and health products based on a 2023 cooperation agreement.
Vince Zampella, co-creator of the Call of Duty gaming franchise, has died in a car crash involving a Ferrari crash on Monday in Los Angeles, United States.
Israeli Prime Minister Benjamin Netanyahu said Israel is monitoring recent Iranian military exercises and will raise the issue with U.S. President Donald Trump during his visit to Washington next week.
Paramount has reaffirmed its bid to acquire Warner Bros. Discovery, offering $30 per share in cash and backing the proposal with a $40.4 billion personal equity guarantee from billionaire Larry Ellison, despite the target company’s board urging shareholders to reject the offer.
U.S. President Donald Trump has approved plans to construct a new class of battleships, which he described as larger, faster and significantly more powerful than any previous U.S. warship.
Negotiations conducted with the United States and European nations, aimed at ending the nearly four-year war with Russia, were "very close to a real result," Ukrainian President Volodymyr Zelenskyy said on Monday.
The economic and political relationship between Azerbaijan and Türkiye has been on an upward trajectory, with both countries strengthening their ties through a broad spectrum of cooperation.
Afghanistan and Iran have signed an implementation plan to strengthen regulation of food, medicine, and health products based on a 2023 cooperation agreement.
Current security challenges and ongoing geopolitical shifts were the focus of the annual Georgia Ambassadors' Conference taking place from 22 - 25 December in Tbilisi.
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Senior Turkish officials have met with their Syrian counterparts in Damascus on Monday ahead of a deadline for Kurdish-led forces in the Country's northeast to be integrated into the Syrian Armed forces.
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