At February 3 sitting of the RA NA Standing Committee on Economic Affairs, the draft law on Making Amendments and Addenda to the RA Tax Code authored by the Government was debated in the first reading procedure. The RA Chairman of the State Revenue Committee Rustam Badasyan presented it.
The draft will provide the legal framework necessary for tax control, increase the level of transparency of the taxpayer-tax authority relations, as well as prevent attempts to erode the tax base and profit shifting.
The deputies were interested in the issues on non-publication of the annual programme of transfer pricing inspections, the regulation of market price compliance and the opportunity to receive information from the countries having liberal tax system.
The Committee endorsed the initiative.