Newsfeed

New appointments at VTB Bank (Armenia)

Armenian President: Denial of Armenian Genocide turns present-day Turkish authorities into accomplices to the crime committed by Young Turks

President Serzh Sargsyan attends opening of Komitas Museum-Institute

Spokesman of Armenian DM: I will not be surprised if tomorrow Azerbaijan destroys an Armenian intercontinental ballistic missile

Action of protest held in front of OSCE Office in Yerevan

Tension on Line of Contact is unlikely to develop into large-scale military operations, Azeri expert says

Well-known actor Vardan Petrosyan sentenced to 5 years in jail

Armenian Defense Ministry: Two Armenian servicemen wounded as a result of Azeri sabotage attack

Small business representatives heading towards president's residence protesting against Law on Turnover Tax

Azeri raiders convicted in Artsakh apply to Court of Appeal

Gevork Kostanyan: Armenian people had to protect their own history against distortion at ECHR

Haaretz: President of Israel touches upon Armenian Genocide

Francois Hollande calls on Turkey to dispel stereotypes and recognize Genocide of Armenians

Armenian armed forces rebuff a new Azeri sabotage attack on the border in Tavush region

Armenian delegation to PACE voices issue of Armenian Genocide in Ottoman Turkey

Small HPPs constructed on rivers to get green passports

Verdict on "Perincek vs. Switzerland" case will be announced within 6-8 months

Official Stepanakert thinks extradition of Dilham Askerov may not be debated

OSCE Minsk Group co-chairs voice their concern over growing tensions in Karabakh conflict zone

Eduard Sharmazanov: "OSCE MG's latest statement was unprecedented, as the mediators took Baku down a peg for the first time ever "

President of Armenia: "Artsakh's right to live in freedom is undisputable"

Artsvik Minasyan: Any integration is senseless for unreformed economy of Armenia

Armenia's Energy Ministry plans to sell part of Nairit Plant's assets

Armenian Defense Minister: Transfer of Valery Permyakov to Armenian law-enforcers was not discussed at the meeting with Arkady Bakhin

Expert: Armenian law-enforcers are not involved in Permyakov case investigation to full extent

British Film Festival 13th Love Edition to kick off in Yerevan on Feb 14

Changes in Russia-Middle East relations cannot but affect Armenian-Russian military strategic cooperation

Armenian FM: Armenia and Iran have no problems concerning their joint projects

Global Finance: In 2015 Ameriabank named the best trade finance bank of the year in Armenia

Armenian Defense Minister: Azerbaijani raider's fate must be discussed with authorities of Nagorno Karabakh only

OSCE chairperson-in-office calls on the parties to the Karabakh conflict to ensure a full ceasefire

Armenia to appear in first semifinal of Eurovision Song Contest 2015

Foreign minister of Iran: Teheran hopes to tackle issue of Russia's S300 supplies as soon as possible

Serzh Sargsyan: It might have been possible to prevent the crimes committed under veil of WWII had the crimes against humanity committed during WWI earned unequivocal international condemnation

Newspaper: Permyakov was not acquainted with Avetisyans family

India Ambassador to Armenia welcomes level of bilateral cooperation

Expert: Russia's every decision directly affects Armenia

Richard Giragosian: After aligning with EEU, Armenia faced security threats

Police: Valery Permyakov might have acted not alone

Armenian FM: Armenia's stance on Karabakh is similar to that of Russia, France and the United States

President of Armenia: We have prepared many surprises for hotheads in Azerbaijan

Expert: Defense capability of Armenian armed forces is much higher than offensive ability of Azerbaijan

Armenian FM: Armenia and Russia are unanimous that trial of the Gyumri murder case must be transparent

Political expert: Azeri provocations on the border occur following tragic events in Gyumri

Expert: Turkish president will not change his rhetoric on threshold of Centenary of Armenian Genocide

Edward Nalbandian: Doubts about Baku's reasonableness are growing with every passing day

SME representatives demand that Armenian Government should suspend Law "On Turnover Tax"

Three Azeri soldiers killed and two wounded as a result of ceasefire violation by Azerbaijan

Turcologist: No serious events in Armenia on threshold of Centenary of Armenian Genocide are observed yet

NATO plays no role in Karabakh conflict settlement but supports OSCE Minsk Group's efforts

Converse Bank is the first and the only Armenian bank to refund cash VAT to foreigners on the system of Tax Free Shopping in Armenia

  • by Erik Abrahamyan

  • Monday, May 26, 23:39

Converse Bank is the first and, so far, the only bank in Armenia to refund cash VAT to foreigners that made Tax Free purchases in Armenia. According to the bank, starting 17 May 2014, foreign citizens that have made purchases at the stores connected to the Tax Free system and paid VAT, can get cash VAT refund at Converse Bank. The cash VAT is returned to foreigners within 90 days after the purchase at the bank's  subsidiaries "Zvartnots" and "Shirak" located at the airports in Yerevan and Gyumri. 

A foreign citizen is required to fill a special document bearing a stamp "Subject to Refund" (signed by the Customs Committee) at the store. Afterwards, the foreigner is to submit the document with his passport, purchase check and the boarding-card to the one of the above subsidiaries of Converse Bank.

"Converse Bank assigns special importance to promoting shopping in Armenia by foreign citizens. The Tax Free system operates in many countries and Converse Bank boasts of being the first and so far the only bank to refund cash VAT to foreign citizens," says Tigran Davtyan, Executive Office at Converse Bank CJSC.
Tax Free system was introduced in Armenia on 1 March 2014 in conformity with the Government's decision No.1403 dated 12 Dec 2013. 

Send to a friend

To (e-mail)


Your name


Message


Comments

View comments (0)
  • READ ALL COMMENTS
  • POST A COMMENT

Be first to comment on this article

* Indicates required fields