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Armenia Revenue Confirms Support For Foreign Investment

By Tatiana Smolenskaya, Tax-News.com, Moscow

12 March 2013


The head of Armenia's State Revenue Committee has reaffirmed his support for business investment in the country, in the face of media reports claiming he was "hindering" the French hypermarket group Carrefour from entering Armenia. A press release from the SRC complains of media "disinformation," and that clarifications sent by the SRC to the news outlets concerned have not been published.

Armenia's Prime Minister Tigran Sargsyan expressed support for Carrefour's entry into Armenia last month, and SRC Chairman Gagik Khachatryan confirmed shortly afterwards that there were no tax or customs obstacles. However, Carrefour had been scheduled to enter the country in autumn 2012, and reports have suggested that the delay is because local oligarchs have been pressurizing the Government in order to protect their own retail interests.

Khachatryan told the press last month that if it was the case that someone in the customs service had been creating obstacles, he would be willing to discuss the claim in public, but he explained that any problems faced by Carrefour were unrelated to tax or customs.

Armenia's largest supermarket chain is currently Alex Grig, which is officially owned by the wife of a member of parliament with the ruling Republican Party of Armenia. Khachatryan also announced last month that 160 tax service experts were in the process of checking Alex Grig's finances.

TAGS: tax | Armenia | tax authority

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