ArmInfo. Since 2020, the financial authorities of Armenia are not ready to switch to universal declaration of citizens' incomes. Answering the question of AmInfo, on July 9, David Ananyan, Chairman of the State Revenue Committee of Armenia, said this at a meeting with journalists.
According to him, in order to establish the institution of total income declarations, the tax and customs committee held discussions with the tax policy body - the Ministry of Finance of the Republic of Armenia. "Discussions were held, for example, in the context of changes in the profit tax, that is, the replacement of the profit tax institute with the dividend taxation institute, with the introduction of the statutory audit standard for joint-stock companies. As part of this work, the establishment of the state registration institution of a real business beneficiary is also important," he explained.
At the same time, as the head of the tax and customs committee pointed out, the SRC is ready within 6-7 months to introduce into its information systems the corresponding software for the transition to a total declaration of citizens' income from 2020 already. "That is, we are technically ready to implement the system, including through an identification card (ID card), but in the legal sense we have something to work on," the head of the SRC said.
As for the possible taxation of remittances of citizens (transfers) within the framework of the institution of total income declarations, then, according to David Ananyan, today the income received from outside is considered taxable. "If we are not talking about the redistribution of income within the family, that is, the husband works abroad and sends the money to his wife, it will not be taxed. But if we are talking about income received from a third party, for example, as a donation and it does not was taxed by the tax agent, the transfer should be reflected in the annual tax return and, in the absence of an agreement with this country, the agreement on avoidance of double taxation, is taxed, "Ananyan explained, adding that the rule has been in effect for about 10 years, but he did not know the examples.
Back in November 2018, ArmInfo reported that the State Revenue Committee of Armenia intends to come up with a proposal for amendments to the Tax Code. It was reported that in case of adopting amendments, identification cards (ID cards) will also serve as accumulative cards, and they can be used in shopping centers. As stated by the head of the SRC David Ananyan, special declarations will be prepared for people with ID-cards in the video posted on the government's Facebook page. "We will distribute all the devices for" reading "cards. Cash registers will determine the buyer, and when you buy something in the store, this product will be registered as purchased at the SRC. At that 1%, 2% or 3% of the amount all purchases during the year will be returned to the citizen, "said Ananyan. At the same time, as indicated by David Ananyan to ArmInfo, if a citizen's expenses significantly exceed official revenues, then tax officials may have questions regarding the sources of these funds.