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The issue on Amending the RA Tax Code was presented for debate of the NA Standing Committee on Economic Affairs by the Government for developing and boosting the tax discipline. The key rapporteur was the Deputy Minister of Finance Arman Poghosyan.

It is proposed by the draft to provide compensation of the paid income tax from the receiving incomes in the shape of dividends to the organizations, which will correspond to the tax disciplinary criteria. However, in case of legal offences caused by the draft law the organizations will be deprived of the given privileges. The disciplinary certain norms suppose such legal offences, as improper maintenance of the rules of cash machines, the absence of not registering the employee’s admission in the order established by the legislation, the documents without goods or necessary documents, the kinds of other activity subject to licensing, etc. The cases of not introducing two or more times the tax calculation among other restrictions within the established term, proposing 5mln AMD and more obligation by checking or by other administrative act.

According to the Deputy Minister, it is proposed to reduce the list of the legal offences. In particular, to remove the tax calculations in the term established for two and more times by the Code the provisions of proposing 5mln or more by checking or administrative act, but in case of clearer legal offences two offences are established, which gives an opportunity to the organizations or their participants not to be deprived of the right to receiving back their tax in case of first legal offence. It is proposed to enter the law in force for regulating the transitional relations from January 1, 2025 and also spread it on the dividends being distributed by the results of the activity of 2024 and the further years. According to the presented version of the draft, the draft will enter into force from July 1, 2024 and will be applied on the applications introduced to the tax body after that. The Deputy Minister also emphasized the opportunity of restoring the right to receiving with the tax in case of rectifying the disciplinary issues during a certain period.

During the implementation of the checking procedures to exclude the disputes rising between the entities and the inspectors it is designed to carry out the checking processes through the video.

Arman Poghosyan answered the deputies’ question, underlined that the voiced observations and recommendations will be taken into consideration and will be presented in the revised version in the near future.

It is proposed by the draft to provide compensation of the paid income tax from the receiving incomes in the shape of dividends to the organizations, which will correspond to the tax disciplinary criteria. However, in case of legal offences caused by the draft law the organizations will be deprived of the given privileges. The disciplinary certain norms suppose such legal offences, as improper maintenance of the rules of cash machines, the absence of not registering the employee’s admission in the order established by the legislation, the documents without goods or necessary documents, the kinds of other activity subject to licensing, etc. The cases of not introducing two or more times the tax calculation among other restrictions within the established term, proposing 5mln AMD and more obligation by checking or by other administrative act.

According to the Deputy Minister, it is proposed to reduce the list of the legal offences. In particular, to remove the tax calculations in the term established for two and more times by the Code the provisions of proposing 5mln or more by checking or administrative act, but in case of clearer legal offences two offences are established, which gives an opportunity to the organizations or their participants not to be deprived of the right to receiving back their tax in case of first legal offence. It is proposed to enter the law in force for regulating the transitional relations from January 1, 2025 and also spread it on the dividends being distributed by the results of the activity of 2024 and the further years. According to the presented version of the draft, the draft will enter into force from July 1, 2024 and will be applied on the applications introduced to the tax body after that. The Deputy Minister also emphasized the opportunity of restoring the right to receiving with the tax in case of rectifying the disciplinary issues during a certain period.

During the implementation of the checking procedures to exclude the disputes rising between the entities and the inspectors it is designed to carry out the checking processes through the video.

Arman Poghosyan answered the deputies’ question, underlined that the voiced observations and recommendations will be taken into consideration and will be presented in the revised version in the near future.