On May 6, 2025, at the State Revenue Committee (SRC), the regular meeting of the Public Council for Revenue Administration Reforms was held

On May 6, at the State Revenue Committee (SRC), the regular meeting of the Public Council for Revenue Administration Reforms was held under the chairmanship of Vrezh Mkhitaryan, First Deputy Chairman of the SRC. During the meeting, a number of issues related to amendments to the Tax Code were discussed.
The meeting was attended by SRC Deputy Chairman Hamlet Sahakyan, heads and specialists of structural subdivisions, representatives of public organizations that are members of the Council, as well as Vahagn Hambardzumyan and Gohar Parsadanyan, Board Members of the Association of Accountants of Armenia. Active discussions took place between the Committee representatives and public organization delegates on the presented draft laws and other related matters. Vahagn Hambardzumyan, President of the Republican Union of Employers of Armenia and Board Member of the Association of Accountants of Armenia, proposed the application of more lenient penalties in cases where organizations or individual entrepreneurs fail to submit information on the withdrawal of identification means from circulation to the tax authority's unified database, or when the submitted data differs from the actual information subject to reporting. In the context of constructive dialogue between the SRC and civil society, the active involvement of Council members in discussions of the Committee's legislative initiatives was emphasized. Draft laws on amendments and additions to the Tax Code were presented. In particular, issues related to the regulation of relationships regarding the submission of information to the tax authority on goods labeled with identification means were discussed. The legislative change is expected to improve the effectiveness of the tax authority’s control measures and contribute to the detection of tax violations. The advantages of the labeling system using identification means were also highlighted. In addition, the meeting addressed regulations on the use of the Central Bank’s exchange rate for determining tax bases and initial values in transactions expressed in foreign currency.