Chairman of Armenia’s State Revenue Committee of Armenia Eduard Hakobyan hosted representatives of the International Monetary Fund mission and head of the IMF mission in Armenia Alexander Ferenc Timan on May 26-27.

Welcoming the IMF representatives, Hakobyan highlighted the long-standing cooperation between the State Revenue Committee and the IMF, stressing the Fund’s key role in the process of tax and customs reforms implemented by the SRC.

The State Revenue Committee said discussions during the meetings focused on the SRC’s priorities in the context of shaping a multi-year mission programme and structuring the IMF’s capacity development efforts in Armenia.

The sides also discussed and outlined further areas of cooperation with the IMF aimed at strengthening the SRC’s institutional capacities, including the introduction of a taxation system for cryptocurrencies and other digital assets, improvement of compliance risk management, as well as possible technical assistance for enhancing cooperation and integration of the functions of customs and tax systems.