ProfTax Yerevan

Proftax provides accounting and tax outsourcing services in Armenia. Business advisory and debt collecting services.

Changes in Tax Free. Minimum spend for VAT refund reduced from 100 to 50 thousand drams

By government decision, the minimum spend for tax-free purchases by foreign visitors for claiming VAT back was set 50 000 drams instead of 100 000. It was also clarified that spelling errors in the names and surnames of foreign citizens in VAT-refund form cannot serve as a basis for rejecting VAT refund if other prerequisites of the refund are met. Changes are in effect from January 1, 2017.

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