Wednesday, November 27 2024 17:42
Naira Badalian

Adjust or build anew: Armenia planning to discuss development of new  TC

Adjust or build anew: Armenia planning to discuss development of new  TC

ArmInfo.Discussions on economic policy and the resulting tax policy have begun in Armenia, as stated by Deputy Finance Minister Arman Poghosyan during a meeting of the National Assembly Economic Commission on November 27. he said.

According to him, if the discussions reveal the need to develop a new  TC with new logic and principles, then it will be developed. However,  if the discussions show the need to revise special tax systems, then  efforts will be focused on implementing this task, Poghosyan added.

Recall that on November 14, Prime Minister Nikol Pashinyan addressed  the parliament stating that the current tax legislation does not  stimulate tax payment. Specifically, Pashinyan criticized the  turnover tax system as being against the government's objectives.  Consequently, he instructed the development of a new Tax Code. he  said.