Head of RA State Revenue Committee participating in 9th High-Level  Meeting of Asian Initiative

ArmInfo. From December 1 to 5, Eduard Hakobyan, Chairman of the State Revenue Committee (SRC) of Armenia, is participating in the 9th High-Level Meeting of the Asian  Initiative, which is being held as part of the 18th Annual Conference  of the Global Forum on Transparency and Exchange of Tax Information  of the Organization for Economic Cooperation and Development (OECD)  in Delhi, the capital of the Republic of India.

The SRC Chairman, as a co-chair country, co-chaired the conference  with Hassan Zarir, Head of Tax Administration of the Maldives. This  year, Armenia's term as co-chair of the Asian Initiative expires, and  Japan will take over as co-chair.

At the meeting, the SRC Chairman reiterated the importance of the  principles adopted by the Asian Initiative for countries in the  region, particularly their significance in terms of tax revenue  collection, enhancing tax compliance, and combating illicit tax  flows. He also emphasized that there is no alternative to  implementing transparency and information exchange standards for tax  purposes, and Armenia has been and will be a pioneer in implementing  and continuously improving these standards.

Eduard Hakobyan thanked all partners for their support and joint  efforts during his co-chairmanship of the Asian Initiative, noting  that only through joint efforts is it possible to implement the  ambitious programs and reforms identified by the Asian Initiative  member countries.

It is worth noting that the Asian Initiative, which comprises 18  countries, was established in 2022 under the auspices of the OECD  Global Forum on Transparency and Information Exchange in Taxation  with the aim of making the application of international transparency  and information exchange standards in the region more focused and  targeted.