ArmInfo. Member of the ruling faction of Armenia, deputy head of the parliamentary committee on economic issues Babken Tunyan calls the information spread by opponents of the government that banking secrecy has been abolished in the republic and that state bodies and their employees can obtain any information about citizens' bank accounts disinformation.
The state does not see who transferred money to you or to whom you transferred it.
The state does not see how many times and when you transferred money, or how many times you transferred it.
The state does not see how much money they transferred to you each time or how much you transferred.
The state does not see the purpose of the funds you deposit into the account and withdraw from it>, he claims.
According to him, the state, represented by the State Revenue Committee, receives only 2 figures from the bank - the total amount of cash inflows and outflows in accounts during the year. , - the deputy said.
Back in early 2024, the State Revenue Committee initiated legislative amendments to the Tax Code (Article 350.1), allowing the tax authority to request a bank statement from the taxpayer without a court decision. According to the State Revenue Committee initiative, within the framework of tax control, in order to obtain a bank statement from the taxpayer (for the period of tax control), the tax authority will send a request to the taxpayer through the taxpayer's personal page or by mail (with notification).
The taxpayer will be required to provide the tax authority with a bank account statement within 3 working days, as well as consent to receive confirmation of its authenticity from a commercial bank.
It was noted that liability measures will be introduced for taxpayers who fail to comply with the requirement established by law. Thus, in case of failure to provide an extract within the established time frame or provision of information that does not meet the established requirements, a fine of 5% of the sales turnover and/or gross income and/or the maximum amount of income reflected in the tax calculations submitted by the taxpayer to the tax authority for the period of tax control, but not less than 2 million drams, will be charged from the taxpayer. The fine doubles every 10 days.
Along with the introduction of the income declaration system, it is also proposed to establish the obligation to provide bank account statements to the tax authority for individuals who are not individual entrepreneurs or notaries - within the same three working days. The goal is to establish control by the tax authority over the correctness of the declaration of income and taxes reflected in the declarations. Cases are also defined when the State Revenue Committee will conduct an in-depth audit of the income of individuals. In particular, this applies to cases where discrepancies are found between a bank statement and a declaration.
