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Issues on Relations with EEU and Other Countries of Region Designed by RA State Budget for 2021 Discussed

On November 5, at the joint sitting of the RA NA Standing Committees on Financial-Credit and Budgetary Affairs and on Regional and Eurasian Integration moderated by Arkady Khachatryan and Mikayel Melkumyan issues concerning the relations with the EEU and regional other countries designed by the RA law on the RA State Budget for 2021 were
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Budgetary allocations

On November 3rd, at the joint meeting of the NA Standing Committees on Financial-Credit and Budgetary Issues and on Economic Issues, chaired by A. Khachatryan and B. Tunyan, the budgetary allocations and budget programs for the spheres of industry, energy and natural resources, IT, envisaged by the RA state budget for 2021 were discussed. regulation
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New tax benefits

The State Revenue Committee announces that the National Assembly of Armenia has passed the law of Armenia “On establishing tax benefits during martial law” on October 21, 2020, and tax benefits have been established. The law is effective starting from the day after it was officially published, and applies to relations arising after September 27,
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SRC published the list of 1000 large taxpayers

According to SRC’s information, the amount paid by 1000 large taxpayers during January-September composed more than 721 BN 396 M drams. The list regarding the amounts paid by 1000 large taxpayers in the period from January till September was published on SRC’s website. In total, the 1000 large taxpayers paid more than 721 bn 396
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SRC maked an announcement

According to the data available in SRC’s database, many taxpayers have outstanding liabilities in terms of revenue stamp fees. The stamp fees are mandatory payments to the state budget of the Republic of Armenia in the manner and size prescribed by law for purposes of ensuring compensation for damages caused to life and health of
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Increase the lottery fee ․ Mane Tandilyan submitted proposals for tax changes

Unfortunately, the package of amendments to the Tax Code submitted by the government և related laws does not have the necessary preconditions for an economic revolution; it will give only a small opportunity to have some positive changes in the economy. Mane Tandilyan, chairwoman of the NA Standing Committee on Financial-Credit and Budgetary Affairs, MP
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Democrats are again demanding Trump’s tax returns

The US Democrats have submitted to the Internal Revenue Service the deadline for submitting tax returns of President Donald Trump, which is April 23, AFP reports. Earlier, Finance Minister Steven Mnuchin said that tax returns could not be submitted because the Ministry of Finance did not have time to look at the congressmen’s lawsuit. They
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Reforms of the Tax Code

The provision on taxation of carbonated beverages has been removed from the draft amendments to the Tax Code Regarding the legislative initiative to tax carbonated beverages with the excise tax, the economic entities involved in the production of these products have presented some concerns, disagreements, which have been discussed in detail and comprehensively in the
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A simplified tax regime for small and medium-sized businesses will be offered in Armenia

There are areas where small and medium enterprises are the main driving force and will remain so in the near future. This was stated at the March 26 sitting of the National Assembly during the discussion of amendments and additions to the laws on “Limited Liability Companies” of Joint Stock Companies, as well as during
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Pashinyan has appointed a representative of the Armenian government to amend the Tax Code

By the decision of the Prime Minister Nikol Pashinyan, the Deputy Minister of Finance of the Republic of Armenia Arman Poghosyan was appointed a representative of the Government of the Republic of Armenia (adjacent rapporteur) during the discussion of the draft law of the Republic of Armenia “On Making Amendments to the Tax Code of
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