NATIONAL ASSEMBLY ADOPTS PACKAGE OF TAX AMENDMENTS IN SECOND READING AND COMPLETELY
Noyan Tapan
Oct 29, 2009
YEREVAN, OCTOBER 29, NOYAN TAPAN. The RA National Assembly on October
29 adopted in the second reading and completely the legislative
package of amendments and additions to the Law on Excise Tax, the
Law on Taxes, the Law on Value Added Tax, the Law on Profit Tax,
and the RA Code of Administrative Infractions. The package envisages
introduction of the institution of the tax body’s representative at
organizations considered as big tax payers.
The parliament also ratified the following international agreements
discussed the day before:
– the Agreement on Some Aspects of Air Communication between the
Republic of Armenia and the European Community signed in Brussels on
December 9, 2008,
– the Agreement on Air Communication between the RA government and the
government of the Republic of Greece signed in Yerevan on July 3, 2009,
– the Convention and the Agreement on the Avoidance of Double Taxation
and the Prevention of Fiscal Evasion with respect to Taxes on Income
and Property signed between the governments of Armenia and Luxemburg
in Luxemburg on June 23, 2009,
– the Agreement on the Avoidance of Double Taxation and the Prevention
of Fiscal Evasion with respect to Taxes on Income signed between
Armenia and Croatia in Yerevan on May 22, 2009,
– the Credit Agreement on Additional Financing of the Lifeline Roads
Improvement Project signed between the RA and the International
Bank for Reconstruction and Development on September 4, 2009, under
which additional financing of 36.6 million USD will be provided for
rehabilitation of roads in Armenia,
– the Agreement on the Establishment of the Anticrisis Fund of
the Eurasian Economic Community and the Agreement on Management of
Resources of the Anticrisis Fund of the Eurasian Economic Cimmunity.
Under the agreement, Armenia’s share in the authorized capital worth 10
billion dollars of the Anticrisis Fund established jointly by Russia,
Belarus, Kazakhstan, Kyrgyzstan, and Tajikistan will amount to one
million dollars.