Armenia`s premier orders drafting new tax code to meet national  interests 

ArmInfo.  "We are constantly looking for friends. But our main task should be to make friends out  of money, as the Bible calls us to," Armenian Prime Minister Nikol  Pashinyan said from the rostrum of the country's parliament on  November 14.

"If we want to have a strong state, we must make as much money as  possible through joint efforts. If possible, make a lot of money,  legal money, and enrich the state with our taxes," Pashinyan said.

In this context, the Armenian Prime Minister believes that the  current tax legislation does not encourage tax payment. In  particular, Pashinyan noted that the turnover tax system is  interstate, in connection with which he instructed to develop a new  Tax Code. "We must have a Tax Code that meets the state interests of  the Republic of Armenia," he said.

The Ministry of Finance of Armenia, in order to establish "fair  taxation", proposes to double the turnover tax rates from January  2025, transfer certain areas of professional activity to the  value-added tax system, and narrow the circle of beneficiaries of the  micro-entrepreneurship system. The goal is to make the systems  unattractive for business, with subsequent abandonment of them.