State Revenue Committee Urges Taxpayers to Fulfill Obligations on Time and in Full Volume

The State Revenue Committee reminds taxpayers that the Armenian Tax Code establishes the procedures and deadlines for tax calculation, payment, and collection of tax obligations, as well as tax incentives.

The SRC reports that the following types of tax incentives may be established by the Tax Code or by the laws of the Republic of Armenia: deferral of tax payment deadlines, exemption or reduction from penalties and fines for violations of the provisions of the Code, extension of payment deadlines, and other incentives.

Moreover, tax incentives are established exclusively by the Code or the laws of the Republic of Armenia. The State Revenue Committee or other state bodies do not have the authority to set tax incentives for any group of taxpayers by any other legal act.

Therefore, the State Revenue Committee of the Republic of Armenia will continue to exercise its assigned functional powers, urging taxpayers to fulfill their tax obligations on time and in full volume.