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9.6.2022

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09.06.2022
Payments for Deals More Than 300.000 AMD Should Be Made in Non-Cash Way
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The law on Non-Cash Transactions passed on January 18, 2022 will enter into force form July 1 according to which, the payments for more than 300.000 AMD should be made in non-cash way. It relates to the deals of property alienation, use, fulfilment of work and rendering services, and its price exceeds or for example, the deals exceeding 500.000 AMD, as a result of which the rights towards the property are subject to registration, for example, the purchase and sale of the real estate or the loans exceeding until 300.000 AMD between the physical persons. They are, for example, the purchase and the sale or the loans between the physical persons, in case of exceeding 300.000 AMD, etc. The RA Deputy Minister of Justice Yeranuhi Tumanyants informed about this during the debate in the first reading of the draft law on Making Addendum and Amendments to the law On Non-Cash Transactions.

“To call into life these regulations it is necessary to carry out similar deals in reality in non-cash way,”

the Deputy Minister said, clarifying that by the draft under debate proposes to set that in case when

the requirements of the mentioned law have not been preserved it will result in the relevance of the deal. In this case any concerned person, can apply to the court during ten years and demand to use the consequences of the deal being relevant. If the court makes a decision that the deal is relevant, then everybody from the parties of the deal is obliged to return the whole sum by the deal, and if it is impossible then compensate that received money in drams. The mentioned regulation will also be in force in cases, when for avoiding the requirements of the law and not fulfilling them, the deal was carried out fragmented. In this case also the deal will be considered relevant.

The entities shall get non-cash payment to obligatory provide through payment card at the customer’s wish. The receipt if non-cash payment through other payment tools (for example electronic wallets) being uses on the basis of the payment technologies will be carried out by the entities’ wish.

The NA Standing Committee on Financial-Credit and Budgetary Affairs endorsed the draft. According to the co-rapporteur Narek Grigoryan, the entries of the state budget will increase by passing the draft, as the shadow turnover will be decreased.

The issue was also debated in the second reading procedure and adopted.


09.06.2022
NA Standing Committees Convene Extraordinary Sittings
On June 9, the RA NA Standing Committees convened extraordinary sittings. The NA Standing Committee on Territorial Administration, Local Self-Government, Agriculture and Environment Protection debated in the second reading and endorsed the draft law on Making Addendum to the RA Land Code. The legisl...

09.06.2022
RA NA President Alen Simonyan Meets with Mayor of Strasbourg Jeanne Barseghian
On June 9, the RA NA President Alen Simonyan being in Strasbourg on a working visit met with the Mayor of Strasbourg Jeanne Barseghian.Thanking the Mayor of Strasbourg for the warm reception, the RA NA President noted that he was glad to see our compatriot in such post.The sides discussed details ab...

09.06.2022
Alen Simonyan Meets with PACE Secretary General in Strasbourg
On June 9, the RA NA President Alen Simonyan being in Strasbourg on a working visit met with the Secretary General of the Parliamentary Assembly of the Council of Europe (PACE) Despina Chatzivassiliou-Tsovilis.He highly appreciated the key role of the Council of Europe and PACE and the effective con...

09.06.2022
Legislative Drafts to Ensure Authorizing Norms
“Authorizing norms on the provision of services through state certificates, as well as authorizing norms for creating Centers for Independent Living were set,” the RA Deputy Minister of Labor and Social Affairs Tatevik Stepanyan noted at the NA extraordinary sitting held on June 9 during the debate ...

09.06.2022
Legislative Amendment to Adopt Sectoral Strategies
The deputies debated in the first to the second readings and adopted the addendum proposed by the executive body to the Law on Structure and Activities of the Government at the extraordinary sitting of the National Assembly convened on June 9. “The process of developing and adopting strategies envis...

09.06.2022
State to Provide Support Card the Persons Who Appeared in Difficult Situation of Life
The Government proposes to set one more type of social security institution – tiny community houses. As the Deputy Minister of Labor and Social Affairs Anna Zhamakochyan has informed, the structure will provide specialized care and social services to the persons with mental health, intellectual prob...

09.06.2022
Amendments are Aimed Simplification and Facilitation of Activities of Economic Entities
The proposed amendment to the Law on Trade and Service is aimed at the implementation of the economic policy programs adopted by the Government. The legislative initiative was debated in the first reading at the NA extraordinary sitting convened on June 9. According to the current regulations, the e...

09.06.2022
NA Extraordinary Sitting Held
On June 9, the parliament convened an extraordinary sitting. A number of drafts included in the agenda will be debated by a special procedure. The debate of the drafts in the second reading will be held after the adoption in the first reading within 24-hour. ...



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