Attractive conditions and new tools for law-abiding taxpayers

In order to make the law-abiding taxpayer system more attractive, to provide additional tools necessary for its implementation, as well as to ensure effective application by revising the regulations for issuing the certificate, the Government proposes additions and amendments to the Tax Code of the Republic of Armenia.

The issue was discussed at the session of the RA NA on June 17.

According to Hamlet Sahakyan, Deputy Chairman of the RA State Revenue Committee, it is proposed to issue the law-abiding tax payer’s certificate indefinitely, while providing for the possibility of its termination. From now on, the activities of businessmen with such a certificate will be subject to quarterly monitoring, which will ensure their continued law-abiding behavior and free them from the need to submit a new application every 12 months.

It is also recommended to use a reducing factor of 0.8 when assessing the riskiness of law-abiding taxpayers during the planning of complex tax audits. According to the keynote speaker, this means that risks will be reduced by 20 percent, which in turn will reduce the frequency of complex inspections.

It is planned to introduce an individual approach to the service of taxpayers, and an individual specialist will be appointed for each law-abiding taxpayer, who will provide continuous and targeted support.

Hamlet Sahakyan noted that in parallel, a draft decision was put into circulation, with which it is planned to review the standards of law enforcement. After the adoption of the law, it will be submitted to the Government for discussion.

Sergey Bagratyan, a member of the commission, presented the positive conclusion of the Standing Committee on Economic Affairs to the head.

The draft law was adopted in the first reading.

—