Wednesday, February 7 2018 12:27
Alexandr Avanesov

The ruling party in Armenia undertook to alleviate the tax burden after the adopted new Tax Code

The ruling party in Armenia undertook to alleviate the tax burden  after the adopted new Tax Code

ArmInfo. The Republican  Party ruling in Armenia undertook to alleviate the tax burden after  the almost unanimously adopted new Tax Code. Amendments to the Tax  Code were adopted at a meeting of the National Assembly of the  Republic of Armenia on February 7 in the first reading.

According to one of the developers of the document, the deputy of the  National Assembly of the RPA faction Khosrov Harutyunyan, initially  it was planned to introduce state administrative bodies in the VAT  field, as well as local self-government bodies when providing public  services. In other words, entities and persons must pay VAT in the  case of  transfer of public or communal property for  rent . However,  local authorities take this step not for business purposes, but for  the purpose of more efficient management of their property. 

Consequently, according to Harutyunyan, this type of activity can not  be considered a business, and therefore, it is subject to VAT, and  therefore the bill has been amended accordingly. Another change  concerns changes in the rates of license payments for the  transportation of passengers by vehicles. As is known, from January  1, 2018, motor transport companies from the fixed payment system were  transferred to the system of license payments, and the payment rates  compared to fixed payments increased slightly.

 Now, according to the new project, for the transportation on a  minibus the rate of license payments will make 1800 AMD instead of 2  thousand AMD from each seat, and for buses - 2300 AMD instead of 2600  AMD. In general, the owners of minibuses will pay 9.1 thousand drams  a month less. Approximately the same calculations are available and  according to data on buses. At the same time, subjects are asked to  make a choice whether to work in the VAT field or go to the system of  license payments. At the same time, the deadline for submission of  applications for transfer to a particular taxation system will be  extended until March 1. At the same time, the tax obligations, which  have been formed in January-February, will have to be repaid before  June 30 of this year.

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