BENEFICIARIES

A beneficiary of the Program shall be deemed to be a legal entity resident in the Republic of Armenia or an individual entrepreneur registered in the Republic of Armenia that has exported, from the Republic of Armenia under the customs procedures of “Export” or “Re-export,” to a Member State of the European Union, the United Kingdom of Great Britain and Northern Ireland, or Canada, products of Armenian origin falling under:

• Agriculture, forestry and fishing (Classification of Types of Economic Activity – Section A), specifically NACE A 01.1 (excluding NACE A 01.11, A 01.12, A 01.14, and A 01.15) and NACE A 01.2 groups; and/or

• Manufacturing industry products (Classification of Types of Economic Activity – Section C), excluding NACE C 10.81, C 10.82, C 12, C 19, C 24, and C 32.1,

and has submitted an application to the Ministry of Economy of the Republic of Armenia for the purpose of receiving support.

CONTENT

To promote exports, support is provided to the exporter after the export of the product, in an amount equal to the customs duty rate calculated according to the importing country’s legislation for that product, provided the importing country does not set a zero-customs duty rate for that product. If the customs duty rate for any product in the importing country exceeds 20%, for the purpose of calculating the support amount, a rate of 20% is used as the maximum.

https://www.arlis.am/hy/acts/226140

 

LIMITATIONS

he exporter has not been subject to any collection decisions by the tax authorities in the past 365 days prior to the date of application, regarding tax liabilities of one million dram or more in the area of taxable income under the supervision of the tax authorities, and the total amount of these liabilities is one million dram or more. Furthermore, as of the day prior to the date of application, the exporter does not have any overdue tax liabilities in the area of taxable income under the supervision of the tax authorities.