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The proposing amendment is aimed at benefiting the business and improving the business environment at present. The RA Minister of Economy Gevorg Papoyan said this during the RA NA regular sitting on December 3.

The draft law on Amendments and Addenda to the RA Tax Code was debated in the first reading.

The Code in force designs that in the event of violation of the rules using cash register machines, an organization, individual entrepreneur or notary is fined in the amount of 200.000 AMD and 0.5 percent of the turnover recorded during the previous quarter, but not more than 10 million AMD. “As a result, in the event of all violations, one unified fine is set, which is not so right,” Gevorg Papoyan noted, underscoring that the use of the fine is not proportionate.

It is proposed to leave the penalty applied in cases of failure to provide a cash register machine receipt, printing the wrong price, or committing any other violation of the use of cash register machines that results in tax consequences, and to mitigate the fine in cases where all the rules for the use of cash register machines have been observed, but the classifiers have been incorrectly indicated. In particular, it is proposed to apply a warning in the latter case, and within one year after applying the warning, in case of committing the same violation again, to apply a fine of 50,000 AMD.

“The goal of the regulation is to create a more predictable environment for SMEs to operate, by differentiating the liability measures provided for violation of the rules for the application of the cash register machine, depending on the character of the violation and the amount of damage caused to the state,” the Minister of Economy said.

The co-rapporteur, the Deputy Chair of the Standing Committee on Economic Affairs presented the endorsement of the Head Committee on the draft. He noted that the initiative is important, and the amendment is expected.