ArmInfo. Tax information is now available on the e-platform site of the State Revenue Committee of Armenia (SRC). This was reported by the press service of the SRC.
According to the source, taxpayers can now access detailed tax information online. On November 22, electronic guidelines are presented explaining the legal provisions on income tax, turnover and value added tax, transfer pricing rules, as well as examples of typical transactions applicable to a wide range of enterprises. The guideline was developed by industry experts after discussion with specialists from the RA State Revenue Committee and the Ministry of Finance and within the framework of the Tax Aid Improvement Program funded by the UK government.
The presentation was attended by Deputy Chairman of the SRC of the Republic of Armenia Arthur Manukyan, Deputy Minister of Finance Arman Poghosyan, Charge d'Affaires of the British Embassy in Yerevan Allison Chick and business representatives. Manual available on the official
The guidelines are available on the SRC official website www.petekamutner.am in two languages: Armenian and English. Tax provisions and transfer pricing options are illustrated by practical examples and graphs. The guidelines also contain active references to the relevant articles of the RA Tax Code and the decisions of the RA Government. "It is no coincidence that there are also examples of typical transactions that show how tax legislation should be applied in each transaction," said Deputy Chairman of the SRC Arthur Manukyan. In his opinion, the real beneficiary - the business community, will give the assessment of the recommendations. "Although the Committee and the Ministry of Finance provide the necessary information and clarifications, the goal of creating an electronic platform is to provide a simplified, well-illustrated explanation of frequently encountered problems, that is, in more detail than is possible in a legal context," said Arthur Manukyan. The guidelines will be periodically updated as changes are made to the RA Tax Code.
"A new culture is being formed in the taxpayer-tax relationship. Using this opportunity, taxpayers will be able to work in a more predictable and understandable tax environment," said Deputy Minister of Finance Arman Poghosyan, expressing confidence that the guidelines will become a "reference book" for taxpayers and will serve them daily.
The aim of the project "Support to improving tax compliance" is to increase the transparency of tax administration, as well as tax compliance of taxpayers, reduce the number of tax disputes and related administrative costs.