Lake Sevan Fish Farming Outfit Gets VAT Payment Deferment

15:54, April 16, 2015

The Armenian government today extended the deadline, by which Sevan Ishkhan CJSC must pay VAT on goods imported between April 15, 2015-December 31, 2016 exceeding 200 million AMD in value, to April of 2018

Sevan Ishkhan is planning to invest around 3 billion AMD (US$635,000) in a fish farming scheme in Lake Sevan, once prized for its endemic (Salmo ischchan), a salmonid fish related to the brown trout.

The company was formed by Armenia's Ministry of Agriculture

In April 2014, a committee tasked with assessing the issue of restoring the Ishkhan fish species in Lake Sevan told a government cabinet session   that two of the four sub-species were forever extinct. The two extinct strains are the winter bakhtak (Salmo ischchan ischchan) and the bojak (Salmo ischchan danilewskii).  Read more... (162 words)

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