In order to regulate the problems identified in the procurement process, the Government amended one of its previous decisions. According to the rationale, the applicable regulations cannot sufficiently ensure the effectiveness of procurement processes and the attractiveness of participation in procedures, including small and start-up businesses. The participants in the procurement process are presented with….

The Republic of Armenia is an important figure in the world economic market. The legislator creates the most favorable conditions both for imports and exports on its territory. In January 2015. Armenia joined the Eurasian Economic Union. The following benefits were provided in the international arena: – Duty-free imports of raw materials from the territory….

Pursuant to Government Decree 865 -N of 2015 goods imported into the Republic of Armenia by individuals who are not individual entrepreneurs, the amount of which exceeds the norms established by the legislation of the Republic of Armenia, shall be considered as obviously commercial. Provisions of the said Decree shall not apply to goods imported….

According to the results of the monitoring conducted by the World Bank at the beginning of 2017 Armenia has significantly strengthened its position in the international Doing Business ranking, rising from 43rd to 38th place from a list of 190 countries. We present brief information about the peculiarities of doing business through a legal entity,….

How to become turnover taxpayer Once a year commercial organizations and individual entrepreneurs, registered in the Republic of Armenia, as well as notaries, have a right to transit from profit tax or VAT to turnover tax, if they submit the application to the territorial tax body until February 20th of the same year. Legal entities,….

Type of direct tax, which is to be collected from companies and contractual investment funds, incorporated in the Republic of Armenia (residents), foreign companies registered outside of the Republic of Armenia and international organizations (non-residents). Profit tax is one of the types of direct taxes, subject to payment to the state budget of the RA. This….

The National Assembly of the Republic of Armenia adopted the new Tax Code. The Code was adopted by 79 votes in favor of 19 votes against, with no abstentions.   Some deputies deemed the adopted Code inadmissible. Particularly Hrant Bagratyan stated that there were inconsistencies with the provisions of the Constitution of the Republic of….

On December the 22nd 2010 National Assembly of the Republic of Armenia adopted the new Law “On income tax”. This law defined the new conditions, procedures, and rates for income tax in Armenia. It is a direct tax, which is subject to payment by taxpayers to the state budget of the Republic of Armenia. Objects….

The excise tax is an indirect tax charged on the sale and importation of particular goods in the Republic of Armenia. The excise tax is established by the Law of the RA “On excise tax”. According to this law the following goods shall be subject to excise tax: beer, grape and other wines, wine ingredients, spirits….

Value-added tax is an indirect tax paid to the state budget for importation, exportation, and turnover of goods on the territory of the Republic of Armenia as well as providing services at all stages. VAT payers are legal entities carrying out entrepreneurial activity, foreign legal entities’ branches which are registered in the Republic of Armenia, public notaries,….

On July 2, 2016, the Draft Tax Code of the Republic of Armenia was discussed at the Government session chaired by the Prime Minister Hovik Abrahamyan. The heads and representatives of several interested departments were involved in the session. Prime Minister Abrahamyan noted that the Draft Tax Code has been subject to debate at various….

02.04.2016 Video consultation with Vardan Khechyan Subject: Tax responsibilities for businesses in RA (video in Armenian)