It is proposed to expand the fields of application of the electronic cash register

The purpose of the adoption of the project is to expand the fields of application of the electronic cash register and to provide the possibility of using it as an alternative to the conventional cash register. This was stated by Eduard Hakobyan, the chairman of the RA State Revenue Committee, at the session of the Standing Committee on Economic Affairs of the RA NA on May 20.

The draft law “On making additions and amendments to the Tax Code of the Republic of Armenia” was discussed in the first reading.

According to Eduard Hakobyan’s presentation, along with the technological development and the growth of digital services, there is a need to expand the fields of application of the electronic cash register, to make it an alternative tool to the regular cash register, with which it will be possible to ensure the implementation of the same functions in the easiest and most modern ways.

In particular, it is proposed to unify all the provisions related to the cash register and the electronic cash register, which will be applicable to both instruments.

It is also proposed to establish an authorizing norm by which the Government will define the technical requirements of the electronic control cash register, the procedure for its registration and deregistration, and the rules of enforcement. The spheres of activity, cases and periods when the use of an electronic control cash register is mandatory by organizations, individual entrepreneurs and notaries during sales, performing works or providing services have also been clarified.

The main reporter answered the questions of the deputies, presenting clarifications regarding the regulations established by the draft law. A reference was made to the maintenance fee for cash registers.

The draft law received a positive conclusion.

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