Deputy Finance Minister: Armenian government to broad the scope of countries with which it has double taxation avoidance agreements

ArmInfo.On September 2, the Parliamentary Standing Committee on Economic Affairs adopted the draft law on ratification of the Convention for the  "Avoidance of Double Taxation on Income and  Prevention of Fiscal Evasion with respect to Taxes and on Capital" between the Republic of Armenia and Japan. 

As Deputy Finance Minister Arman Poghosyan stated, the government's  program includes an important direction of tax policy - expanding the  reach of  agreements on the elimination of double taxation.  "This is  especially important with those countries where there is potential  for strengthening economic ties and attracting investments. It was in  this context that the Convention on the Avoidance of Double Taxation  on Income between Armenia and Japan was initiated and signed on  December 26, 2024,"  Poghosyan noted.

According to him, these agreements address two main issues: they  establish more favorable tax conditions than what national  legislation offers, and provide a stable and predictable tax  environment for entrepreneurs from both countries. Until now, an  agreement signed between Japan and the Soviet Union was in effect,  which, however, was not applied by Armenia for legal reasons. The new  initiative aims to reinstate the practice of applying such   agreements. Additionally, ratifying the document will complement the  agreement on the promotion and mutual protection of investments  signed in 2018.