Provisions of the RA Tax Code

On October 1 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: - Incomes derived from the supply of agricultural products (article 148); - Incomes derived from securities (article 149); - Income tax rates (article 150); - Reporting period (article 151); - Calculation and withholding of income tax by a tax agent (article 152); - Cases of exempting the tax agent from the obligation to calculate and withhold the income tax (article 153); - Procedure for calculation of the income tax amount subject to payment to the State Budget (article 154); - Procedure for calculating the income tax amount subject to compensation from the State Budget (article 155); - Submission of income tax calculation reports and other documents (article 156); - Issuance of statements of information on income tax (article 157); - Payment of income tax amount (article 158); - Refunding income tax amount and crediting it to a unified account (article 159); - Refund of interest amounts paid for the servicing of mortgage loan received by a natural person acting as a hired employee, for the purpose of acquiring an apartment or an individual residential house or building an individual residential house from income tax amounts (article 160). 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.