Within the framework of discussion organized by the Chamber of Commerce and Industry of Yerevan, Chairman of the Financial Advisory Committee of the Chamber of Commerce and Industry of the Republic of Armenia Vladimir Shatverov presented to the participants detailed draft amendments to the Tax Code, developed by the RA SRC.

The proposed package of projects aims to drastically reduce the current income tax rates by July 1, 2018, and maintain administrative levers to increase the efficiency of tax administration to compensate for the loss of the state budget’s tax revenues due to these changes.

During the discussion, the participants spoke about their positions and made recommendations.

The Chamber has inventory the proposals collected as a result of the discussion, which will be submitted to the relevant state structures.