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PROBLEM OF EQUAL CONDITIONS FOR ECONOMIC MANAGEMENT TO BE SOLVED WITH
LEGISLATIVE AMENDMENTS RELATED TO TAX SECTOR
YEREVAN, DECEMBER 22, NOYAN TAPAN. Thanks to a number of legislative
amendments made in the tax sector, equal conditions for economic
management will be ensured. Armen Alaverdian, Deputy Head of
the State Tax Service adjunct to the RA government, stated at the
December 22 press conference that it will increase efficiency of the
fight against underdeclaration of cash flows subject to taxation. By
these amendments, starting from January 1, 2007 the sale price of an
apartment in residential buildings will be decided by its cadastre
value. According to A. Alaverdian, henceforth the apartment owner will
not be able to declare any price when selling his apartment, because
in any case the cadastre value of this apartment will be taken as
the basis. He said that as a result of the legislative amendments it
will no longer be possible to consider the whole apartment building
as a private property not subject to taxation.
The builder may use up to 500 square meters of the apartment building
as private property, while in case of small buildings - no more than
10% of the total area. These standards will be used for detached
houses as well. In case of a detached house complex, the owner may
present only 4 detached houses as his property, and if their number
exceeds 4, they are subject to taxation.
LEGISLATIVE AMENDMENTS RELATED TO TAX SECTOR
YEREVAN, DECEMBER 22, NOYAN TAPAN. Thanks to a number of legislative
amendments made in the tax sector, equal conditions for economic
management will be ensured. Armen Alaverdian, Deputy Head of
the State Tax Service adjunct to the RA government, stated at the
December 22 press conference that it will increase efficiency of the
fight against underdeclaration of cash flows subject to taxation. By
these amendments, starting from January 1, 2007 the sale price of an
apartment in residential buildings will be decided by its cadastre
value. According to A. Alaverdian, henceforth the apartment owner will
not be able to declare any price when selling his apartment, because
in any case the cadastre value of this apartment will be taken as
the basis. He said that as a result of the legislative amendments it
will no longer be possible to consider the whole apartment building
as a private property not subject to taxation.
The builder may use up to 500 square meters of the apartment building
as private property, while in case of small buildings - no more than
10% of the total area. These standards will be used for detached
houses as well. In case of a detached house complex, the owner may
present only 4 detached houses as his property, and if their number
exceeds 4, they are subject to taxation.