OREANDA-NEWS. July 15, 2014. ARARATBANK implements VAT refund on exporting of goods acquired by foreign entities in the territory of the Republic of Armenia at Bagratashen, Bavra and Agarak Branches in compliance with the respective guideline and the Regulation on “Refund of VAT on Exporting of Goods Acquired by Foreign Entities in the Territory of the Republic of Armenia” approved by the Government of the Republic of Armenia in December, 2013.

A commission fee of 10% (ten) of VAT is defined in regard to the refund of VAT to foreign entity, which is subject to reducing from VAT amounts to be refunded to the particular foreign entity.