The Deputy Minister of Finance does not agree that RA’s tax benefits for attracting investments are not competitive compared to Georgia’s – 2024-02-10 07:33:16

by times news cr

2024-02-10 07:33:16

We compete for foreign investments in the region and international markets and, for example, in Georgia, we are not in a competitive position in terms of privileges. Tadevos Avetisyan, deputy of the “Armenia” faction, announced at the session of the NA economic committee.

According to him, the project on making changes to the RA Tax Code presented by the government, according to which it is about taking the privilege regime, is not such a suitable approach, it is not a policy message.

RA Deputy Minister of Finance Arman Poghosyan said that it is important for the business environment to be competitive in order to attract foreign investments and they are also making comparisons in terms of studying the tax environment of competing countries. “I can confidently say that the tax base in Georgia you mentioned is generally much wider, that is, privileges are used in a much narrower range, our government has also announced a policy to expand the tax base, because we are sure that taxes are important, but apart from taxes , there are other important factors,” he said.

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