Proposals for amending tax regulations discussed in Government
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Prime Minister Nikol Pashinyan held a consultation to discuss proposals on the concept of tax system amendments.
In particular, reference was made to the proposals and options for reducing the applicable income tax and profit tax rates, the threshold of turnover tax, the taxation of micro entrepreneurship and licensing systems, as well as their impact on State budget revenues. During the exchange of views that followed, the meeting participants came up with a number of proposals and recommendations.
The Prime Minister emphasized that smart and bold decisions need to taken the field of tax administration. He noted that the proposed reforms should bring about positive changes in taxpayers’ behavior, simplify the system of taxation and improve the overall investment environment in order to provide labor incentives.
Nikol Pashinyan told those responsible to continue endeavoring toward consistent improvement of tax regulations and submit a finalized version of the concept.