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Armenia: Greenhouse company awarded VAT payment deferment to build new greenhouses on 30 hectares

An Armenian company called Greenhouse, specializing in the production of greenhouse vegetables and flowers, intends to build new greenhouses in Armavir region of Armenia on the area of 30 hectares and invest about 8.1 billion drams in buying equipment that will be imported from France and the Netherlands, the government said today to explain its decision to grant the company a VAT payment deferment.

Given that the company’s pledged investments exceed 200 million drams ceiling the VAT payment deferment is three years.

Click here to read the complete article at arka.am