ARMENIAN GOVERNMENT APPROVES PROCEDURE FOR SUBMISSION OF TAX DECLARATIONS BY CITIZENS
ARKA News Agency, Armenia
Oct 4 2007
YEREVAN, October 4. /ARKA/. The Armenian Government approved the
procedure for submitting declarations of profits and property by
persons to the State Taxation Service of Armenia, Deputy Chief of
State Taxation Service Armen Alaverdian reported.
He said that persons having annual income over 8mln Drams, more than
6mln Drams on their bank accounts, as well as those who gain profit
from property alienation in excess of 40mln Drams in the tax year
are to submit tax declarations.
The Deputy Chief also said that the information submitted to the
tax authorities will be saved in electronic format. Alaverdian also
reported that citizens whose annual income exceeds the mentioned
amounts will have to submit all the information on movables and real
estate owned, material funds, income from securities and investments,
precious metals and bars in banks.
Tax payers will be able to provide their declaration not only
personally, but also through official representatives and licensed
audit companies.
The State Taxation Service will continue informing potential tax
payers through mass media outlets, information posters and leaflets,
he said. ($1 = 333.82 Drams).