On October 11, the 'Best Business Partner' accountancy office, located in Ejmiatsin and a member of the Association of Accountants of Armenia, organized a seminar-discussion with the support of the Association and the Vagharsapat Municipality

On October 11 of this year, the 'Best Business Partner' accountancy office, located in Ejmiatsin and a member of the Association of Accountants of Armenia, organized a seminar-discussion with the support of the Association and the Vagharsapat Municipality. The seminar aimed to present the changes in the Tax Code of Armenia, which will come into effect on January 1, 2025, to business representatives from the Ejmiatsin community and neighboring areas. The seminar was led by Hasmik Harutyunyan, a member of the Council of the Association of Accountants of Armenia and a member of the Chamber of Auditors and Expert Accountants of Armenia. During the seminar, the following legislative changes were discussed: New restrictions in the micro-entrepreneurship and turnover taxation systems, Changes in turnover tax rates and the resulting increase in additional tax burden, Reforms in value-added tax (VAT) for transitioning to special taxation systems. The seminar concluded with an active Q&A session, during which participants received comprehensive answers to their questions. Such initiatives aimed at informing are extremely important for the rapid adaptation of businesses, assessing the impact of legislative changes, and identifying and mitigating associated risks. Other member offices of the Association of Accountants of Armenia (you can learn about the offices via the following link: https://armaa.am/am/partners) will also organize awareness seminars and discussions in various communities across Armenia in the near future. To stay informed about the new legislative changes and to receive answers to any questions you may have, you can participate in the seminars and discussions conducted by our partner offices, contact us, or reach out to any of the Association's member offices for consultation.