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Tax amnesty starts in Armenia

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  • Tax amnesty starts in Armenia

    news.am, Armenia
    July 1 2011

    Tax amnesty starts in Armenia

    July 01, 2011 | 13:54


    Those entities which have unpaid taxes as of January 1, 2010 can apply
    to the tax authorities and conclude the repayment schedule of tax
    debts from July 4 to Agust 20, said deputy head of state revenue
    committee under the Armenian Government Armen Alaverdyan.

    The organizations with debts not exceeding $135,000 may apply to the
    territorial tax authorities, and in case of exceeding this bar should
    contact the principal organ of the Committee. These organizations will
    be exempt from the calculated fines for tax evasion.

    According to Alaverdyan, as of January 1, 2010, the total amount of
    tax liabilities makes $ 540.5 million.

    Alaverdyan said that those entities which will not apply to the
    Committee, will face trials.

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