Tag #Turnover Tax

What are the immediate economic consequences of the Armenian government's decision to raise the turnover tax to 10 percent?

What calculations were made, and how were they made, to impose these taxes?" - Since the beginning of the year, business owners have been trying to understand the logic behind the government's sharp increase in the turnover tax from 5 percent to 10 percent in January. The government claims the increase targets reducing the shadow economy in large businesses and incentivizing growth in smaller ones. However, business owners are unconvinced.