Thursday, 24 October 2024
Entrepreneurs will be offered an affordable mechanism for introducing hail protection networks
The regular Cabinet meeting took place today, chaired by the Deputy Prime Minister of the Republic of Armenia Tigran Khachatryan.
The Government adopted a decision aimed at reducing the damage received from hail for the entrepreneurs operating in the settlements located in the most active zones of hail, stabilizing the incomes of businessmen and increasing the efficiency of horticulture. According to the substantiation, in during the Prime Minister's visit to Lori region in 2023, the residents of Odzun settlement raised the issue of hail damage in the community, in connection with which the Prime Minister had instructed to consider the issues of supporting the people (entrepreneurs) affected by hail in the settlement, as well as implementing a program of introducing hail protection nets in the most hail-risk areas.
Thus, through state support, an affordable mechanism for introducing hail protection nets will be proposed for businessmen operating in settlements located in the most active hail zones. In particular, it is suggested that, in addition to the credit component of the current support program for the introduction of the hail protection net, a partial compensation of costs should also be applied to small farms and the actual compensation for the implementation of the hail protection nets in the 0.5-3 ha perennial plantations of the 270 settlements in the most active hail zones in the amount of 75% of the costs incurred.
The bills "On state support of the high-tech sector" and "On amendments and additions to the Tax Code of the Republic of Armenia" have been approved by the government. The purpose of the bills is to revise the framework of state support tools and tax incentives for the high-tech sector, as well as research and development activities, with the aim of creating more favorable conditions for ensuring progressive development in these sectors. The bills propose to define a number of directions of tax benefits and budgetary support. In terms of tax benefits, in particular, it is proposed to redefine and revise the scope of tax benefits provided by the current legislation for business entities operating in the high-tech sector, to expand the scope of tax benefits for scientific research and experimental development (R&D) works.
The Government has defined the cases and procedure of blocking the possibility of participation and access to internet winning games and lotteries organized in foreign countries by organizations that do not have the appropriate license defined by the Armenian legislation, the procedure for blocking the websites, deadlines and the procedure for issuing conclusions of the interdepartmental commission identifying websites to be blocked.
