Yerevan/Mediamax/. Permanent Representative of the International Monetary Fund (IMF) in Yerevan GDP Guillermo Tolosa said today that IMF “doesn’t like income tax vacations.”

Mediamax reports that Guillermo Tolosa said this commenting on the statement by Armenian President Serzh Sargsian who said that the state is ready to provide tax benefits to companies producing innovative production.

The head of the state said that such companies may be freed from income tax for 3-4 years.