Friday, November 22 2019 19:37
Alexandr Avanesov

Tax information is now available on RA SRC e-platform 

Tax information is now available on RA SRC e-platform 

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.

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