ArmInfo. Is it possible to quickly implement a program in Armenia that will allow an individual to log in to the system without needing a special SIM card on their phone and an identification card when filing a tax return, similar of  how it is done when using banking services?  During a parliamentary  session on January 22, Arsen Torosyan, a deputy of the ruling faction  in the National Assembly of Armenia, posed this question to Deputy  Minister of Finance Arman Poghosyan, who is in charge of tax policy  development at the Ministry of Finance.  According to Torosyan, he  personally encountered a problem when he changed his phone. His new  phone does not have the appropriate card, and he also has a Mac  computer where the reading device does not function.  "The country  has started the process of implementing a universal personal  identification system. As a result of the process, we will have a  single identification system that will be used by all state  structures," Arman Poghosyan said. At the same time, the deputy  minister admitted that there are still technical problems at this  stage.  He added that although there are no ready-made solutions yet,  the issue is at the center of attention of the State Revenue  Committee.  

ArmInfo. Armenia and the U.S. are set to collaborate in the customs sphere. The RA Parliament is discussing the agreement on mutual assistance between their customs authorities submitted by the RA government for ratification during the plenary session on January 22.  In his address, Rafael  Gevorgyan, the Deputy Chairman of the RA State Revenue Committee,  emphasized that the document lays groundwork for customs cooperation.  It aims to regulate bilateral relations properly and comprehensively,  as well as strengthen and expand opportunities for closer and  mutually beneficial collaboration between the customs services of the  RA and the U.S..

ArmInfo.

ArmInfo. The World Bank, through the International Bank for Reconstruction and Development, will provide Armenia with a $40 million loan to support the Enabling the Energy Transition project, which will facilitate the  implementation of the country's Energy Sector Development Strategy  until 2040. The National Assembly of the Republic of Armenia is  discussing the draft agreement with the IBRD, submitted for  ratification by the Government of the Republic of Armenia, at a  plenary session on January 22.

ArmInfo. The Armenian government intends to harmonize the investment programs implemented in the country with the state budget of the Republic of Armenia. The National Assembly of the Republic is discussing amendments to the law "On the budget system" in the first reading at the plenary session on  January 22.

ArmInfo. The permits for the use of mineral resources issued to Lydian Armenia are administrative acts that are not subject to appeal and cannot be invalidated administratively or by a court decision. This was reported by the  company's press service, citing the decision of the Administrative  Court.

ArmInfo. In Armenia, in 2024, compared to 2023, the number of citizens who applied for real estate for rent increased more than threefold. This was stated by the Chairman of the State Revenue Committee (SRC) Eduard Hakobyan on the air of Public Television.

ArmInfo. After the 2018 revolution, the Cabinet of Ministers of Armenia has decided to increase pensions 5 times. This statement was made by Prime Minister Nikol Pashinyan in social media.

ArmInfo. Transactions that do not exceed the threshold of 300 thousand drams, which are deductible income, are not subject to declaration as part of the general income declaration. At the same time, the threshold of 300 thousand drams applies to each transaction, and not to the amount of similar  transactions, the press service of the State Revenue Committee of  Armenia reports.

ArmInfo. In April, Yerevan will host the largest F&B (Food and Beverage) event in the region for the first time - ProFood Armenia 2025.  This event will bring together leading representatives of the hospitality industry, businessmen and startups from around the world under one roof. It will provide them with the opportunity to establish connections and learn about new trends.

ArmInfo.

ArmInfo. What Russia is losing in the region in connection with Armenia is due to the actions of the Russian Federation, its withdrawal from the region and leaving Armenia alone. This was stated by the Speaker of the Armenian  Parliament Alen Simonyan on January 21 in a conversation with  journalists in parliament, touching upon the approval by the Armenian  Cabinet of Ministers of the draft law . 

ArmInfo. The Armenian authorities aim to decrease the financial and administrative burdens on companies engaged in foreign economic activity. At the plenary session of the National Assembly of the Republic of Armenia on  January 21, amendments to the laws "On the Export of Dual Purpose  Goods, Their Transit Transportation through the Republic of Armenia,  as well as Control Over the Transfer of Dual Purpose Information and  Intellectual Activity Results " and  "On licensing" were discussed in  the second reading.  According to the Minister of High-Tech Industry  of the Republic of Armenia, Mkhitar Hayrapetyan, the goal of the  legislative initiative is to reduce additional administrative and  financial costs and improve the business environment, particularly  for companies in the technology sector. The purpose of the bill is to  establish a legal foundation for publishing a list of goods that have  undergone the examination and are not classified as dual-use or  military items. This will simplify customs clearance procedures based  on the published list.

ArmInfo.In the insurance market of Armenia, the loss ratio for MTPL for 2024 increased from 71.7% to 81.8%. This is evidenced by the data of the Bureau of Motor Insurers of Armenia.

ArmInfo. Dairy products with and without milk fat substitutes will have to be distinguished by color in retail outlets in Armenia. At the plenary session of the National Assembly of the Republic of Armenia on January 21,  amendments to the Law on Trade and Services and the Code of  Administrative Offenses were discussed in the first session.

ArmInfo.  2024 marked a significant period of transformation for the “Power of One Dram” initiative. By the end of the year, the project’s total budget surpassed the 200-million-dram milestone, with last year alone contributing a record-breaking 50 million drams. This remarkable achievement reflects the growing number of supporters joining our mission to improve education, healthcare, address social issues, and protect the environment.

ArmInfo. As a result of the easing of some restrictions, opportunities for Armenian pension funds to invest the population's funds in the real sector of the economy will be expanded. The National Assembly of the Republic of Armenia is discussing amendments to the law "On funded pensions" in the first reading at a plenary session on January 21.

ArmInfo. All non-public funds in Armenia will be subject to the requirements of the Central Bank. At the session of the National Assembly of the Republic of Armenia on January 21, amendments to the law "On Investment Funds" and a package of related laws are being discussed in the second and final reading.

ArmInfo. Fines and penalties for property tax assessed due to errors by state and local  authorities of Armenia will be reset to zero. The National Assembly  of the Republic of Armenia adopted amendments to the Tax Code of the  Republic of Armenia in the second and final reading at the plenary  session on January 21. 

ArmInfo. The State Revenue  Committee (SRC) of Armenia explains who and under what circumstances  must file a tax return for income received in 2024 by May 1, 2025.