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The Armenian Tax Service is the authoritative body which regulates taxation services in Armenia.The department is responsible for the collection of taxes (including income tax and corporate tax), preventing of tax violations and tax evasion, training tax officers, and implementing tax reform programs, including the modernizing of tax mechanisms in Armenia. [2]
Taxation in Armenia is regulated by the State Revenue Committee, which is the tax authority of the Armenian government. [1] Meanwhile, the Armenian Tax Service is responsible for the collection of taxes, providing revenue services, preventing tax fraud and tax evasion, and implementing various tax reform programs in conjunction with the State ...
Headquarters of the State Revenue Committee (housing both the Armenian Customs Service and the Armenian Tax Service).. Former Head of the SRC, Suren Adamyan, stated that “In the field of tax administration reforms the SRC closely collaborates with the International Monetary Fund, World Bank, U.S. Agency for International Development, and the European Union. [2]
Armenia joined the International Monetary Fund's Special Data Dissemination Standard on 7 November 2003, being the third member of the Commonwealth of Independent States to join. From 1 January 2009, Armenia was a member of the United Nations Statistical Commission until the end of 2012.
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Analysis showing attempts to solve the pension problem in different countries has led to rise of income tax or pension age. There are various types of Pensions in Armenia, including social pensions (granted to all individuals who reach the age of 63, both for laborers and not), mandatory funded pensions (a return on investment from mandatory funded pensions), or voluntary funded pensions ...
VAT (Value Added Tax): In Armenia, VAT-paying individuals subtract the VAT paid on their inputs from the VAT levied on their sales and account to the tax authorities for the difference. The standard rate of VAT on domestic sales of goods and services, as well as imports importation, is 20%. Exports of products and services are not taxed. [118]
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