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27.9.2023

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27.09.2023
Effective tax administration to be implemented with adoption of draft
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As a result of adoption of the draft, it is expected to reduce the possible risks of under-declaration of sales turnover of circulation taxpayers by implementing effective tax administration. Presenting the draft law on Making Amendments and Addenda to the RA Tax Code, the Deputy Chairman of the State Revenue Committee (SRC) Karen Tamazyan said this. The issue was debated in the first reading at the sitting of the RA NA Standing Committee on Economic Affairs on September 27.

“It is planned to clarify the provision of conducting an inventory within the scope of the measurement study for the selected products. Moreover, the regulations of the draft clearly define that the tax authority has the right to carry out such an action on those taxpayers whose acquisition or sale threshold exceeds 24 million AMD during the year,” the key rapporteur detailed.

The legislation specifies the responsibility for detecting undocumented goods. In particular, it is established that in case of non-detection of the requirement of documenting the transactions of purchase of goods, a fine of 20% of the purchase price of the goods will be charged to them through complex tax inspection.

According to Karen Tamazyan, responsibility will be established for those cases when, during operative investigative measures, such cases are discovered when the property is leased or the lease transaction has not received state registration, or a statement has not been submitted to the tax authority in advance regarding the existence of a lease transaction by a physical entity.

It is also established that insurance agents and insurance brokers will not operate in the system of special taxation, in particular, circulation system.

In response to the question of the Deputy Chair of the RA NA Standing Committee on Economic Affairs Babken Tunyan what the purpose of making amendments to the mandatory documentation requirement is, the Deputy Chairman of the SRC said: “The basis for making an amendment is to ensure equality.”

The draft was endorsed.


27.09.2023
Hakob Arshakyan gives speech at the reception on 74th anniversary of independence of PRC organized by Embassy of China to RA
On September 27, the Vice President of the RA National Assembly, the Head of the Armenia-China Friendship Group Hakob Arshakyan took part in the reception on the occasion of the 74th anniversary of the independence of the People’s Republic of China organized by the Embassy of China to Armenia and ga...

27.09.2023
Delegation led by Alen Simonyan to attend large-scale European Parliamentary Summit in Dublin
The delegation led by the NA President of the Republic of Armenia Alen Simonyan is in Dublin to take part in the large-scale European Parliamentary Summit. The Speakers of Parliaments of 46 member states of the Council of Europe, the parliamentarians of observer states, as well as the Heads of inter...

27.09.2023
Armenian and Italian parliamentarians discuss current security situation in region
On September 27, the online joint meeting of the RA NA Standing Committee on Foreign Relations and the on Foreign Affairs and Defence Committee of Senate of Italy took place.Welcoming their Italian colleagues, the Armenian parliamentarians presented the humanitarian situation in Nagorno Karabakh and...

27.09.2023
Committee endorses draft laws debated in second reading
A number of legislative initiatives were debated in the second reading at the regular sitting of the NA Standing Committee on Economic Affairs on September 27. According to the key rapporteur, the Deputy Chairman of the RA State Revenue Committee Artur Manukyan, no proposals were presented after the...

27.09.2023
Addenda and Amendments being proposed to the law on Tourism debated
The proposing addenda and amendments will promote the protection of the citizens’ consumer rights, the tourism activity services and the specification of the demands being presented to the entities, the development of tourism in the communities, the proportional development of the economic, human re...

27.09.2023
Committee endorses issue of ratifying Universal Postal Convention
The Universal Postal Convention is the main document that regulates the legal relations, relationships and obligations of the designated postal operator of the Republic of Armenia towards physical and legal entities: Presenting the draft law on ratifying the Universal Postal Convention for debate at...

27.09.2023
Compulsory rules of behaviour to be set in customs control zones
It is proposed to specify the bases of the administrative arrest of the persons by the customs employees, making them practically more applicable, more approximating the proceedings goals of being subject to administrative arrest. At the same time, the power of the Government of the adoption of the ...

27.09.2023
Ratification of Agreement to promote increasing quality and availability of universal postal services
The draft proposes to ratify the Agreement on Postal Payment Services adopted within the framework of the 27th Congress of the Universal Postal Union (UPU), which will promote increasing the quality and availability of universal postal communication services. At the sitting of the Standing Committee...



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