ArmInfo. The Armenian authorities aim to establish a predictable environment for small and medium-sized businesses in the market adjusting the penalties for non-compliance with cash register regulations (CRS). The National Assembly of the Republic of Armenia is holding discussions on proposed amendments to the Tax Code On December 3, in the first reading.
According to the Minister of Economy of the Republic of Armenia Gevork Papoyan, the level of accountability will be determined based on the type of violation and the extent of damage caused to the state. Specifically, Article 416.2 of the Tax Code specifies that organizations, individual entrepreneurs or notaries who breach the regulations for CCA usage, may face a penalty of 200,000 drams and 0.5% of their recorded turnover from the preceding quarter, with a maximum limit of 10 mln drams. Papoyan emphasized that the fine for violating the CCA rules remains consistent regardless the type of violation. However, according to him, while all violations are subject to the same penalty, the reasons and consequences of each violation vary significantly. As a result, the impact on state budget revenues differs, making it disproportionate to impose identical fines for all violations.
It is proposed to maintain the level of responsibility in case of failure to issue a cash receipt, a price misprint or any other violation of the CCA resulting in tax implications. However, if all CCA usage rules are observed, but incorrect codes are provided, the level of responsibility should be reduced. Specifically, in the latter case, it is recommended to apply a warning, with a fine of 50,000 drams imposed, if the same violation occurs within a year.
