On January 20, the regular session of the Extended Public Council of Revenue Policy Improvement was held

On January 20, the regular session of the Extended Public Council of Revenue Policy Improvement, established by the order of the RA Minister of Finance, was held at the RA Ministry of Finance. Representatives of the RA Ministry of Finance, RA Ministry of Economic Development and Investments, RA State Revenue Committee, representatives of non-governmental organizations, and international well-known consulting organizations participated in the council with the right of consultative vote.
The session was presided over by RA Deputy Minister of Finance David Ananyan, who stated that the issues on the agenda of the session are related to the discussion of the proposed amendments to the RA Tax Code. The chairman of the session also noted that the proposals on making amendments to the legislation, included in the agenda of the previous session of the council, submitted by the RA Ministry of Economic Development and Investments and “Association of Accountants and Auditors of Armenia” NGO, were discussed in the working group format in the RA Ministry of Finance. Having assessed their impact both on the business environment, competitive environment, and on the efficiency of tax administration, the working group, taking into account the opinions received, including from international organizations, formed a final package of proposals to amend the Tax Code, which will be presented to the members of the Council in the near future.
During the session the suggestions of all interested parties, provisions hindering the activity of economic entities, and options for their amendment concerning the RA Tax Code were discussed, the main emphasis was made on the principle of eliminating legal uncertainties and creating an effective environment for the activity of economic operators. Following the results of the Public Council session it was decided to continue discussing the proposals aimed at improving the norms of the tax legislation, particularly the RA Tax Code, and to discuss their results at the next session of the Council.