The 2012 worldwide VAT, GST and sales tax guide

A RMENIA 17
Supply of goods and services (according to the procedure established
by the government of Armenia) financed by funds
intended for the preparation of credit and grant programs of
international financial organizations
Gratuitous supply of goods and services by public (including
benevolent) and religious organizations
Supply of precious and semiprecious stones indicated in the list
specified by the government of Armenia
Supply of goods and services within humanitarian assistance and
charitable projects by foreign states, international intergovernmental
organizations, international, foreign, and Armenian
public organizations (including charities), religious and similar
organizations and individual donors, as well as supply of goods
and services directly related and essential to the implementation
of such projects by Armenian VAT payers
Supply of property into the share capital of legal entities by individuals
except for sole entrepreneurs
Supply of services to the organizer and operator of a free-economic
zone and the supply of goods in the territory of a free-economic
zone
Examples of zero-rated transactions
Export outside the customs border of Armenia
Supply of fuel for airplanes on international flights and supply of
goods for consumption during the flights for the staff and passengers
of the airplanes
Supply of goods for passengers of international routes in airports,
in places specially allocated for that purpose beyond customs
and passport control territories, provided that the goods have
passed customs registration before being supplied in accordance
with the procedure established by the customs legislation for the
export of goods from Armenia
Supply of maintenance (including navigation, take-off and landing
services), repair and re-equipment of the means of transport for
international transportation, as well as supply of services for
passengers, baggage, cargo and mail on international flights and
supply of services to passengers during the flights
Supply of services (including those provided by agencies and
intermediaries) directly related to the provision of services
described in the preceding item
Supply of services outside Armenia
Supply and import of goods for the official use of diplomatic
representations and consular institutions, as well as international
intergovernmental organizations deemed equal thereto, and
supply of services to them
Supply of transportation services of foreign loads in transit
through Armenia
E. Time of supply
The time when VAT becomes due is called the “tax point.” The
tax point is the moment when goods are delivered to or accepted
by the customer or services are performed. For continuous supplies
(for example, operating leases), the tax point is the last day
of a reporting period.