ArmInfo. Armenia simplifies the process of confirming residency. The decision on this was approved at a meeting of the Armenian government on September 7.
Vardan Aramyan, the Minister of Finance of Armenia, proposed to amend the government's decision of October 6, 2004, in order to exclude double taxation of property and income and implementation of international treaties of RA.
According to the head of the Ministry of Finance, for today the non-resident of Armenia, who is operating in Armenia and receiving income from sources in Armenia, provided there is an agreement on avoidance of double taxation, which provides for a different taxation regime than that dictated by RA tax legislation, must document its residence by submitting a residency certificate. According to the proposed changes, henceforth it will be possible to confirm the residency with the help of the web-page, that is, the electronic publication of the competent authority of another state.
To note, Armenia has agreements on avoidance of double taxation with 47 countries, the last agreement was signed recently with Israel. The purpose of these agreements is to eliminate double taxation in foreign trade between the two states, to prevent tax discrimination against economic entities of the parties, to exclude double taxation on property and income, and to create a predictable and stable tax environment for business. It is noteworthy that the issue of excluding double taxation between Armenia and the US has been discussed for over 20 years - since 1994. In 2000, during the Armenian-American intergovernmental meeting, a question was raised about the need to conclude an agreement, but since then the preparatory work has not been completed, nor has the negotiation process started.