New regulations for fulfillment of tax obligations of organizers  engaged in gaming activities

ArmInfo. The Executive proposes amendments to the Laws on Lotteries and on Winning Games, Internet Winning Games and Casinos. The main regulations were presented by the Deputy Chairman of the RA State Revenue Committee  Artur Manukyan at the sitting of the Standing Committee on Economic  Affairs on April 26.

According to the above-mentioned laws, in case of overdue obligations  (including penalties and fines) in terms of taxes and other mandatory  payments defined by law by the persons holding a license to organize  lotteries, as well as winning games, internet winning games and  casinos, the operation of the license is suspended.

The problem is that an existing business sometimes needs additional  time to fulfill the above-mentioned requirement. When the obligation  is formed, the tax body informs the authorized body about the  delinquency , and this is the basis for suspending the operation of  the license. Now the tax body has 5 days to inform. It is proposed to  allow a 10-day period before suspending the license in order not to  disrupt the normal course of the existing business. This will not  apply to the fulfillment of the annual state tax obligations.

The law will enter into force on the 10th day following its official  publication.

The issue has been endorsed by the Committee.