Saturday, January 23 2021 13:08
Alina Hovhannisyan

SRC announces improvement of tax policy for business

SRC announces improvement of tax policy for business

ArmInfo.The State Revenue Committee (SRC) of Armenia reports on the reduction of the rate of income tax and profit tax.  In particular, according to the press  service of the SRC, by submitting a report on profit tax for 2020 by  April 20, taxpayers will apply a new, lower rate for the first time.

It is reported that instead of the previously existing 20% profit   tax, a rate of 18% is already applied, which will provide an  opportunity for business, having free finances, to dispose of them  based on the company's priorities.

At the same time, in 2021, taxpayers of almost all tax systems will  have a 22% rate instead of 23% of income tax.

In this context, it was noted that until 2023 the income tax will be  annually by 1 percentage point will decline. "This is a step towards  business, the results of which will be visible in the near future,"  the message says.

Moreover, the source noted that the SRC initiated a bill that  involves reducing the time for VAT refunds to economic entities -  instead of quarterly switching to a monthly regime. "Currently, the  amount of VAT paid for goods imported and purchased in the territory  of the Republic of Armenia is received by economic entities once a  quarter, and in the project we propose to return them every month. We  believe that this will have a positive effect on business," Chairman  of the State Revenue Committee Eduard Hovhannisyan said. 


News


Exchange rates
04.02.2021
RUB6.900.06
USD520.600.45
EUR623.94-1.64
GBP707.08-2.66
CAD406.50-0.18
JPY49.47-0.04
CNY80.580.15
CHF576.97-1.87



Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000