Provisions of the RA Tax Code

On February 25 2023, 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: - General provisions on transfer pricing (article 360); - Used concepts (article 361); - Related taxpayers (article 362); - Controlled transactions (article 363); - Arm’s length principle (article 364); - Comparability of transactions (article 365); - Comparability adjustments (article 366); - Sources of information on uncontrolled transactions (article 367); - Transfer pricing methods (article 368); - Selection of the tested party (article 369); - Assessment of multiple-year data (article 370); - Arm’s length range (article 371); - Assessment of combined controlled transactions of a taxpayer (article 372); - Recognition of the actual transactions undertaken (article 373); - Adjustments made by taxpayers independently (article 374); - Notification of controlled transactions (article 375); - Transfer pricing documentation (article 376); - Conformity adjustments (article 377); - Mutual agreement procedure (article 378). 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.