Hey, if Raffi N. can log twice in a day, then I guess it would be okay for me to log three times. Well here is log #2 of 3. Now all that will be left if to come up with something for log #3.
Tonight I went to a neighbor�s house for dinner. A friend of theirs had joined us and was talking about how things are going to get harder as many small stores are going to be closed down. I asked why and he said that all retail stores are now going to be required to install a cash register which will cost the store owner 100,000 dram (about $175).
This expense is much too much for those stores that are just getting by selling bread, macaroni and cigarettes at a less than 10% mark-up. Prior to this, the smaller stores had a flat rate tax, based on the size of the stores floor space. For those that make it passed this hurdle of putting in a cash register, rumors are already circulating that the law requires that what merchandise that goes out their door, has to be entered into the cash register, regardless of if someone is taking it on credit (most people make their purchases this way and pay when they get their salary, pension or money send from abroad). If this is true, then many stores are not going to be able to extend credit, thus loosing sales and profit. I personally can�t see that this rumor can be true, as in any normal country, you only pay income tax on money taken in and not on open receivables. I would hope Artsakh is no exception.
I�m not sure if this new decision is right or wrong, but will say that in today�s economically challenging times, the store owner who has invested quite a bit of money and sweat to open a little store that just does enough business to support their family with food and basic needs is going to see some even more challenging days ahead
Tonight I went to a neighbor�s house for dinner. A friend of theirs had joined us and was talking about how things are going to get harder as many small stores are going to be closed down. I asked why and he said that all retail stores are now going to be required to install a cash register which will cost the store owner 100,000 dram (about $175).
This expense is much too much for those stores that are just getting by selling bread, macaroni and cigarettes at a less than 10% mark-up. Prior to this, the smaller stores had a flat rate tax, based on the size of the stores floor space. For those that make it passed this hurdle of putting in a cash register, rumors are already circulating that the law requires that what merchandise that goes out their door, has to be entered into the cash register, regardless of if someone is taking it on credit (most people make their purchases this way and pay when they get their salary, pension or money send from abroad). If this is true, then many stores are not going to be able to extend credit, thus loosing sales and profit. I personally can�t see that this rumor can be true, as in any normal country, you only pay income tax on money taken in and not on open receivables. I would hope Artsakh is no exception.
I�m not sure if this new decision is right or wrong, but will say that in today�s economically challenging times, the store owner who has invested quite a bit of money and sweat to open a little store that just does enough business to support their family with food and basic needs is going to see some even more challenging days ahead
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