Tuesday, November 13 2018 13:37
Naira Badalian

From January 1, 2020, Armenia plans to introduce a system of total  declaration of incomes of citizens

From January 1, 2020, Armenia plans to introduce a system of total  declaration of incomes of citizens

ArmInfo. The State Revenue Committee (SRC) of Armenia will work on the formation of a tax culture. This will make the process of introducing a system of total  declaration of incomes of the population of the country less painful.  The Deputy Chairman of the Ministry Mikael Pashayan told this on  November 13th at a press conference.

According to Pashayan, the tax and customs committee has a  corresponding technical base for forming a culture of paying taxes.  "Over the years, in Armenia, taxes were paid" at least reluctantly ",  but we have to work on creating a proper culture so that for all  taxpayers, ranging from ordinary citizens to large business entities,  it becomes clear where the taxes paid to them go, he declared. To do  this, according to Mikael Pashayan, the legislation must be clear and  clear even for a simple man in the street who does not have the  relevant knowledge.  The formation of a tax culture, as indicated by  the deputy head of the SRC, will assist the process of introducing a  system of total income declaration of the population. The process, in  terms of providing the legislative base, will be launched in 2019.  From January 1 in 2020, it is expected the system will be fully  implemented. "Until now, we have adhered to the point of view that  the taxes of individuals should be paid only by legal entities - tax  agents. But today's technologies, as well as the relevant skills and  knowledge of citizens in the field of IT, suggest that the population  is ready for a total declaration of their income "he explained.   However, in order to make the process more enjoyable for citizens,  the tax authorities also took care of the introduction of the bonus  system - use ID cards to identify the taxpayer, in order not only to  have a comprehensive view of the incomes of citizens of the country,  but also, in some sense, to reduce Income tax payments by returning a  certain amount from purchases to the accumulative card in the form of  a cashback. The option of applying the personal qr-code of the buyer,  which will be entered into the check of the cash register, and  bonuses will be accumulated on the "personal wallet", is also being  considered. "You shouldn't be afraid of the system, if an individual  doesn't want to declare his purchases, he simply won't get a refund  of the interest spent," concluded Mikael Pashayan.  Earlier, ArmInfo  reported that the State Revenue Committee of Armenia intends to come  up with a proposal for amendments to the Tax Code. If the amendments  are accepted, identification cards (ID-cards) will also serve as  accumulation cards; they can also be used in shopping centers. As  stated by the head of the SRC David Ananyan, special declarations  will be prepared for people with ID-cards in the video posted on the  government's Facebook page. "We will distribute all the devices for"  reading "cards. Cash registers will determine the buyer, and when you  buy something in the store, this product will be registered as  purchased by the SRC. At that 1%, 2% or 3% of the amount all  purchases during the year will be returned to the citizen, "said  Ananyan. At the same time, as David Ananyan told ArmInfo on November  7, if a citizen's expenses significantly exceed official income, then  tax officials may have questions regarding the sources of origin of  these funds

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Government Bonds

 

ISIN AMGB1029A250
Auction ID AMGB1029A250A
Date 12.05.2017
Issue date 29.10.2015
Issue volume (AMD) 50 000 000 000
Maturity date 29.10.2025
Coupon year yield 11.00%
Auction volume (AMD) 1000 000 000 - 2.000 000 000
Auction date 12.05.2017
DLS
Total amount (AMD) 1 000 000 000
Amount of the total bids (AMD) 787 200 000
Amount of the total accepted bids (AMD) 787 200 000
Cut of yield (%) 10,6447
Weighted avrage yield (%) 10,6447
Auction max  yield (%) 10,6447
Auction min  yield (%) 10,6447
Number of participants 5
ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000

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