Provisions of the RA Tax Code

On April 9 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: - Deduction of profit tax (article 127); - Reporting period (article 129); - Procedure for calculation of the amount of the profit tax subject to payment to the State Budget (article 130); - Procedure for calculating the amount of the profit tax subject to compensation from the State Budget (article 131); - Calculating and withholding the profit tax by a tax agent (article 132); - Special aspects of profit tax calculation for non-resident profit taxpayers carrying out activities in the Republic of Armenia through a permanent establishment (article 133); - Submission of profit tax calculation reports (article 134); - Advance fees of profit tax (article 135); - Payment of profit tax amount (article 136); - Peculiarities of payment of profit tax amount by resident taxpayers undergoing insolvency and/or liquidation procedures (article 137); - Crediting the profit tax amount to a unified account (article 138). 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.