Supporting employee engagement in the manufacturing industry

Dear Colleagues, According to the RA Government Decree, a new measure was approved to support the engagement of employees in the sphere of the manufacturing industry. The measure provides support to the beneficiary in the amount of the calculated income tax on wages and other payments equated to the employee for the first twelve months of the employment relationship between the beneficiary and the employee, but not more than AMD 500.000 per employee per twelve months. The range of beneficiaries of the measure, the procedure, and the terms for applying to the authorized body for support were also determined. To find out more details and get a consultation, you can contact us at 093 12 30 08.