SME Development 32nd Sub-Council Meeting

Question

Amendments and additions to the "Tax Code of the Republic of Armenia," covering five key tax-related issues: A. Expanding the possibility of adjusting transactions/invoices in case of product returns. B. Eliminating fines for non-documented acquisitions if the taxpayer fulfills their tax agent obligations. C. Clarifying and systematizing taxation rules for currency exchange transactions related to import and export operations. D. Addressing VAT and excise tax deduction issues for transactions involving free or significantly undervalued compensation. E. Issues related to the application of negative tax consequences under Article 150, Part 14, of the Tax Code upon the death of a passive income-receiving individual.