Latest News

The government will propose that the requirement to publish 1,000 large taxpayers does not apply to state bodies and community management institutions. – 2024-03-31 09:09:38

2024-03-31 09:09:38

The draft law “On Amendments and Additions to the Tax Code of the Republic of Armenia” was discussed in the first reading at the sitting of the Standing Committee on Economic Affairs of the National Assembly, chaired by the Deputy Chairman of the Committee, Babken Tunyan.

Artur Manukyan, deputy chairman of the RA State Revenue Committee, noted that when the inspection process is suspended in accordance with the law, the statute of limitations should also be extended. However, the law does not specify how long that period should be extended. It is proposed to extend by the number of working days included in the suspension period.

It is planned to give taxpayers an opportunity to submit tax calculations related to the audited (studied) reporting period in case the audit or investigation process is suspended.

The provision regarding the horizontal monitoring system is proposed to be repealed, since no taxpayer has expressed a desire to use the system since its adoption. According to Artur Manukyan, the system can be replaced by improving the relevant tools and other measures aimed at tax discipline.

The executive will also propose that the requirement to publish 1,000 large taxpayers does not apply to state bodies and community management institutions. The initiative received the positive conclusion of the committee.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button