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Armenian Government Approves Procedure For Submission Of Tax Declara

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  • Armenian Government Approves Procedure For Submission Of Tax Declara

    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).
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