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Armenia simplifies customs procedures for "honest" businesses

Customs
Arshaluis Mgdesyan
30.05.24 21:45
69

On May 30, the Armenian government passed a resolution to simplify customs procedures for companies with no violations in transaction documentation and tax payments. The new rules will come into effect in 10 days.

Companies with a spotless record will benefit from the following privileges:

  • Simplified inspections and a separate queue.
  • Consultations from customs officers in case of questions.

For almost two years, a pilot measure has allowed these companies to submit a preliminary declaration before the arrival of goods at customs. This significantly reduces the inspection time from 20-70 hours to 1-3 hours.

To avail themselves of these benefits, businesses must submit an application and meet certain criteria.

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