Time in Yerevan: 11:07:36,   7 April

Government seeks flat revenue taxation

Government seeks flat revenue taxation

YEREVAN, JANUARY 24, ARMENPRESS. The bill on amending the tax code brought forward by the government envisages a flat tax rate for revenue.

The proposed taxation system is set to be launched from September 1, 2019, if the bill is passed.

 The flat revenue tax will be 23%, and by 2023 the rate will gradually be decreased until it reaches 20%.

The tax rate will become 22% in 2020, 21% in 2021, 20,5% in 2022 and finally 20% in 2023.

Edited and translated by Stepan Kocharyan





https://zen.yandex.ru/id/5dee07a31e8e3f00ae3051c1

https://www.gov.am/files/docs/3969.pdf
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