LAW OF THE REPUBLIC OF ARMENIA

of March 20, 2017 No. ZR-44

About modification of the Criminal code of the Republic of Armenia

Accepted by National Assembly of the Republic of Armenia on February 28, 2017

Article 1. To state article 205 of the Criminal code of the Republic of Armenia of April 18, 2003 in the following edition:

"Article 205. Tax avoidance, duties or other obligatory payment

1. For the purpose of tax avoidance, duty or other obligatory payment in large sizes:

1) inclusion in the report established by the law, calculation, the declaration or other obligatory document causing the obligation of calculation or tax discharge, duty or other obligatory payment which is the basis for the taxation, obviously false data or

2) evasion from representation by the established law of the report, calculation, the declaration or other obligatory document causing the obligation of calculation or tax discharge, duty or other obligatory payment, being the basis for the taxation, according to the procedure and the terms established by the law:

it is punished by penalty in the amount of two-thousandfold to the three-thousandfold size of minimum wage or imprisonment from two to five years.

2. The same act made in especially large sizes:

it is punished by imprisonment from five to ten years with confiscation of property.

3. In sense of application of this Article the amount which is not exceeding from fourthousandth to the fifteen-thousand size of the minimum wage established at the time of crime is considered the large size, and the amount exceeding the fifteen-thousand size of the minimum wage established at the time of crime is considered especially large size.".

Article 2. This Law becomes effective for the tenth day after its official publication.

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