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INCOME OF 8 MILLION DRAMS TO BE DECLARED
Lragir.am
07 July 06
The bill on declaration of property and income of natural persons,
which sparked heated debate, became a law on July 7. Armen Alaverdyan,
Deputy Chief of the State Tax Agency told the news agency ARKA that
the government edited the bill, and now natural persons whose income
is over 8 percent have to declare their property and income. Initially
it was 6 million drams.
Property worth over 40 million drams is also to be declared. In case
of declaring false or reduced data the declarer will have to pay a
fine equal to 10 percent of the income that was not declared. During
the adoption of the law the representative of the government said
the law will be helpful in fighting corruption.
Lragir.am
07 July 06
The bill on declaration of property and income of natural persons,
which sparked heated debate, became a law on July 7. Armen Alaverdyan,
Deputy Chief of the State Tax Agency told the news agency ARKA that
the government edited the bill, and now natural persons whose income
is over 8 percent have to declare their property and income. Initially
it was 6 million drams.
Property worth over 40 million drams is also to be declared. In case
of declaring false or reduced data the declarer will have to pay a
fine equal to 10 percent of the income that was not declared. During
the adoption of the law the representative of the government said
the law will be helpful in fighting corruption.