ARMENIAN TAX PAYERS WILL BE SUBMITTING TAX REPORTS ONLINE

/PanARMENIAN.Net/
14.05.2009 17:42 GMT+04:00

/PanARMENIAN.Net/ A package of legislative changes on introduction of
electronic system in State Revenue Committee was passed at governmental
meeting on Thursday.

According to Committee Chairman Gagik Khatchatryan, the system will
allow Armenian tax payers to submit tax reports online, help counter
corruption and save taxpayers’ time.

RA Government allocated AMD180 million of off- budget means to program
development and implementation; part of the funding provided by WB
and Asian Bank of Development will also be used for program financing.

Banks, credit organizations, investment companies, RA Central
Depository and insurance companies will be the first to use the
electronic system.

Second phase of program implementation will involve state organizations
and NGOs. For other types of taxpayers the program will be launched
in the summer of 2010.