High Taxes Hinder IT Sector Development: Engibaryan

Companies in IT sector have recently been complaining about high taxes and customs which hamper the development of the sector. Though IT companies hold periodic discussions, presenting their demands to the tax and customs services representatives, the problems they face have not been solved yet.

Head of Enterprise Incubator Foundation Bagrat Engibaryan told Tert.am that the state should review its policy in this sector.

“If we want to have a knowledge-based economy, we should take risky steps and separate the technology from other sectors. Nowhere in the world is the technology sector being developed with an equal approach,” said Engibaryan.

According to him today taxes levied from the IT sector are equalized with those levied in other sectors of the economy, while “here a value is made which is thousand-fold more expensive.”

“We do have capabilities. Few are the sectors when the Armenian model is being practiced in other countries in the world. That is why the Indians are creating a regional center in Armenia, and that means we have potential that should be developed,” said Engibaryan.