Helsinki Citizens’ Assembly-Vanadzor

❓ Who does the fifth action aimed at neutralizing the economic consequences of coronavirus apply to and who can become beneficiaries of the action?

Beneficiaries of the action can be state registered legal entities or registered individual entrepreneurs (except banks, credit organizations, pawn shops and insurance companies, currency exchange points, organizations engaged in buying and selling securities, investment organizations, investment funds, lottery and win games organizers and others engaged in such kind of activity), who  had 2-50  employees  hired continuously during 01.01.2020 - 01.04.2020 and the actual salary fund did not decrease during the mentioned period.

❓How much assistance will be provided to economic entities involved in the action? 

The assistance will be nonrecurrent and will be calculated as follows:

-in case of economic entities with up to 5 employees, the amount of the support given to economic entities will be calculated by dividing one-month salary fund by the number of employees,

-in case of economic entities with 5 and more employees,

1. the average monthly salary of the company is calculated, i.e. one-month salary fund divided by the number of employees,
2. one-fifth of the total number of employees is calculated, i.e. the total number of employees is divided by 5, rounded down,
3. the product of the results of paragraphs “a” and “b” of this subpoint is calculated and this makes the amount of the assistance.

❓ How and who to apply to in order to receive the assistance?

Since April 1, 2020, upon submitting March 2020 income tax calculation as prescribed by law, the economic entity receives a notification on his personal page from the RA State Revenue Committee Electronic Tax Filing System on being a beneficiary of the action. After that, the economic entity fills in the sample form available on RA State Revenue Committee Electronic Tax Filing System to submit an application to get the nonrecurrent grant. 

Some reference links: 

✅ https://www.e-gov.am/u_files/file/decrees/kar/2020/03/359-%D4%BC.pdf

✅ https://www.e-gov.am/u_files/file/decrees/kar/2020/03/417-%D4%BC.pdf