Amendment to the procedure for submission of accompanying documents for import, transit, and export of certain goods to the territory of the Republic of Armenia

Dear Colleagues, According to the Order of the RA Minister of Finance, the Instruction on Accounting and Financial Reporting of Micro-organizations was approved, which comes into force from January 1, 2024. Under the new guidance, the accounting and financial reporting requirement applies to those organizations that meet at least two of the following conditions: a) the total amount of the financial statement (balance sheet) did not exceed AMD 175 million; b) income from operations did not exceed AMD 350 million; c) the average annual number of employees, calculated according to the procedure established by the statistical committee, did not exceed 10. To find out more details and get a consultation, you can contact us at 093 12 30 08.