The RA government is preparing serious changes in the fiscal policy aimed at revising the thresholds of criminal liability for tax evasion and encouraging honest business. Prime Minister Nikol Pashinyan held a special meeting in order to elaborate the upcoming procedural reforms in detail and make them as effective as possible for the country’s economy.
According to the press service of the Prime Minister’s office, this working meeting was a logical continuation of the previous discussions of the government. Earlier, the executive power raised the acute issue of changing the financial thresholds, in case of exceeding which tax frauds are transferred to the field of harsh criminal prosecution. As a result of previous discussions, the head of the government noted the need to update the package of proposed legislative amendments and instructed the responsible departments to optimize the project.
Chairman of the State Revenue Committee during the consultationĀ Eduard HakobyanĀ presented the results of in-depth analyzes carried out by the department.
The head of SRC gave details about the introduction of new administrative procedures, which are meant to significantly modernize the tax sector and improve the quality of administration. The participants of the meeting also paid special attention to the conceptual transformation of the “law-abiding taxpayer” institution, which, according to the authorities’ idea, should become an important incentive to bring Armenian business out of the shadows and strengthen state-entrepreneur trust.
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