ArmInfo.The State Revenue Committee of Armenia (CGD) is reviewing the procedure for seizing property.As the press service of the CGD, Art. 430 of the RA Tax Code provides for the seizure of property by tax authorities as a wayensuring the fulfillment of the tax obligation on the part of the taxpayer, the unfulfilled tax obligation of which reaches 500 thousand drams and more, taking into account the fact that the latter can hide, spoil, use the necessary property.Having studied the world experience, the CGD decided to reconsider the procedure for imposing arrest on property, giving the right to the taxpayer in each case to submit documents confirming favorable facts for him.
Thus, the process of imposing arrest will not be applied if the taxpayer provides sufficient evidence in reasonable time regarding the impossibility of meeting tax liabilities. Such evidence will be considered evidence of non-fulfillment of tax liabilities due to the fault of debtors, as well as other circumstances and documents certifying the impossibility of fulfilling the imposed tax liabilities.In parallel, according to the report, the CGD will initiate a legislative initiative aimed at clarifying the rules for applying arrest without lowering the effective threshold.