Provisions of the RA Tax Code

On April 2 2022, the ASSOCIATION OF ACCOUNTANTS OF ARMENIA hosted Vakhtang Mirumyan, a recognized expert in the tax field, Head of the ACCOUNTANTS AND AUDITORS TRAINING-CONSULTING CENTER. The seminar was filled with heated discussions and brainstorming. Mr. Mirumyan presented the following provisions of the RA Tax Code to the member accountants of the Association: - Losses (article 122); - Other deductions (article 123); - Other deductions from the gross income made for the purpose of determining the tax base for banks, credit organizations, insurance companies, and professional participants in the securities market (article 124); - Profit tax rates (article 125); - Exemption from the payment of profit tax (article 126). Association member accountants received answers to legislative questions bothering them, as well as interpretations of several controversial provisions. Regional accountants-members of the Association also participated in the seminar remotely.