Armenia`s dominant parliamentary faction proposes postponing terms of  submission of income statements 

ArmInfo.  Babken Tunyan, a member of the dominant Civil Contract faction of the National Assembly and deputy chairman of the standing parliamentary committee on economic  issues, introduced a bill into circulation that envisages postponing  the deadline for filing income tax returns for individuals.

In particular, as Tunyan himself noted on social media, the deadline  for filing the General Income Tax Return for those who file a return  this year (for income for 2024) has been postponed from May to  November 1.

Those who must file a return next year (for income for 2025) can do  so from March 2 to November 1.

For subsequent years, the deadline for filing the return will be set  from March 2 to July 1.

According to Tunyan, the main reason for postponing the deadline is  the problem with ID cards. Queues have formed due to the process of  obtaining ID cards, and without them it is impossible to fill out an  income tax return.

, - wrote the deputy head of the NS commission.

The implementation of the Universal Declaration of Income of all  citizens-residents of the republic began in 2023. The process is  organized in three stages, with the circle of people required to  submit a declaration increasing each year. The implementation of the  system will be completed in 2025.

At the first stage, the income tax return for 2023 was to be  submitted by citizens who held municipal or state positions as of  December 31, 2023 in accordance with the Law . In  addition, the first stage included citizens of the RA who were  participants (shareholders, co-owners, members) of commercial  organizations-residents of the RA as of December 31, 2023, who  declared a gross income of 1 billion drams or more based on the  results of 2022, as well as those citizens who are considered real  beneficiaries according to the concept of the RA Law , as well as those who  received a loan of 20 million drams or more in 2023.

Both individuals who submitted a declaration for the previous  reporting year (2023) and new groups of citizens of the Republic of  Armenia who are residents of the Republic of Armenia were required to  submit an annual income tax return for the 2024 reporting year by May  1 of this year. In particular, citizens of the Republic of Armenia  who are considered employed during 2024 and who received taxable  income under civil contracts during 2024. Starting from 2025,  declarations will have to be submitted by all those adult  citizens-residents of the country who are not included in the above  two groups.