ArmInfo Armenia will introduce a digital customs system to enable electronic calculation and settlement of customs obligations. During its session on September 24, the RA National Assembly Committee on Economic Affairs issued a positive opinion on the amendments to the Law "On Customs Regulation" submitted by the government.
According to Hamlet Sahakyan, Deputy Chairman of the RA State Revenue Committee, digitalizing the system for calculating and settling customs obligations should result in time and money savings. Specifically, it is planned to use a single account for both replenishing and settling obligations, regardless of the customs authority and type of payment. This will significantly simplify the tracking of cash flows and provide easy access to individual accounts for participants in foreign economic activities. Additionally, automatic calculation and recording of penalties as outlined by law will allow for automatic repayment of obligations, streamlining the process of overpayments and refunds.
