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 Trump administration is reviewing possible changes to a Biden-era rule that restricts global access to advanced AI chips, including potentially scrapping the current system that divides countries into three tiers, according to three sources familiar with the matter.
President Donald Trump said on Tuesday he believes Russian President Vladimir Putin wants to end the war in Ukraine, even as missile strikes continue across the country.
President Vladimir Putin has signed a decree renaming Volgograd International Airport as Stalingrad, invoking Soviet wartime memory as Russia continues its war in Ukraine.
European Commission President Ursula von der Leyen on Tuesday invited global scientists to make Europe their new home, amid rising pressure on U.S. universities under the Trump administration.
North Korea has conducted the first weapons test on its new “Choe Hyon-class” warship, firing cruise missiles, anti-air missiles, and artillery, state media reported on Wednesday.
The Trump administration is reviewing possible changes to a Biden-era rule that restricts global access to advanced AI chips, including potentially scrapping the current system that divides countries into three tiers, according to three sources familiar with the matter.
China has renewed its call for a permanent ceasefire in Gaza and demanded that Israel cease its military operations in Lebanon and Syria, warning of escalating instability across the Middle East.
President Donald Trump said on Tuesday he believes Russian President Vladimir Putin wants to end the war in Ukraine, even as missile strikes continue across the country.
President Vladimir Putin has signed a decree renaming Volgograd International Airport as Stalingrad, invoking Soviet wartime memory as Russia continues its war in Ukraine.
European Commission President Ursula von der Leyen on Tuesday invited global scientists to make Europe their new home, amid rising pressure on U.S. universities under the Trump administration.
Russia launched a major missile and drone assault on Kyiv overnight on April 24, killing at least twelve people and injuring 90, including children and a pregnant woman, according to Mayor Vitali Klitschko.
In an expansive interview marking his first 100 days back in office, President Donald Trump sketched out an agenda that touches everything from punitive tariffs and China policy to cease-fire hopes in Ukraine and an overhaul of domestic programmes. Below are the highlights.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 23rd, covering the latest developments you need to know.
For three generations, the Liebigs built railcars in Görlitz. Now, the factory that shaped their lives will produce parts for battle tanks.
A deadly explosion at Iran’s Bandar Abbas port has left at least 40 dead, with more than 1,200 people injured, state media reported on Sunday, halting operations at one of the country’s most vital trade hubs.
Russian President Vladimir Putin announced Tuesday that Russia and Belarus are planning to establish a joint aviation factory focused on producing drones and other aircraft. The announcement came during a meeting with Belarusian President Alexander Lukashenko in the Russian city of Volgograd.
China has renewed its call for a permanent ceasefire in Gaza and demanded that Israel cease its military operations in Lebanon and Syria, warning of escalating instability across the Middle East.
President Vladimir Putin has signed a decree renaming Volgograd International Airport as Stalingrad, invoking Soviet wartime memory as Russia continues its war in Ukraine.
Kyrgyzstan and Türkiye have reaffirmed their commitment to deepening economic cooperation, with a shared goal of boosting bilateral trade turnover to $5 billion in the coming years.
Emirates Airline will start taking delivery of its outstanding aircraft orders in the second quarter of 2025, Chairman Sheikh Ahmed bin Saeed Al Maktoum told a roundtable at Dubai’s Arab Travel Market on Tuesday.
The Trump administration is reviewing possible changes to a Biden-era rule that restricts global access to advanced AI chips, including potentially scrapping the current system that divides countries into three tiers, according to three sources familiar with the matter.
China has renewed its call for a permanent ceasefire in Gaza and demanded that Israel cease its military operations in Lebanon and Syria, warning of escalating instability across the Middle East.
President Donald Trump said on Tuesday he believes Russian President Vladimir Putin wants to end the war in Ukraine, even as missile strikes continue across the country.
President Vladimir Putin has signed a decree renaming Volgograd International Airport as Stalingrad, invoking Soviet wartime memory as Russia continues its war in Ukraine.
European Commission President Ursula von der Leyen on Tuesday invited global scientists to make Europe their new home, amid rising pressure on U.S. universities under the Trump administration.
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