LAW OF THE REPUBLIC OF ARMENIA

of June 27, 2019 No. ZR-68

About modification and amendments in the Tax code of the Republic of Armenia and modification of the Law of June 21, 2018 ZR-388-N "About modification and amendments in the Tax code of the Republic of Armenia and about modification and amendments in the Law of December 21, 2017 ZR-266-N "About modification and amendments in the Tax code of the Republic of Armenia"

Accepted by National Assembly of the Republic of Armenia on June 25, 2019

Article 1. To add part 1 of article 4 of the Tax Code of the Republic of Armenia of October 4, 2016 (further - the Code) with Items 67 and 68 of the following content:

"67) receivables - the outstanding amount which is subject to payment (to compensation in other form) to the taxpayer other persons (debtors), except for the outstanding amounts which are subject to payment (return) to the taxpayer as regards the tax liabilities in relation to state or to local authority budgets, duties and other obligatory payments;

68) accounts payable - the outstanding amount which is subject to payment (to compensation in other form) the taxpayer to other persons (creditors) (including as regards the salary and other payments equated to it, dividends), except for the outstanding amounts which are subject to payment by the taxpayer as regards the tax liabilities in relation to state or to local authority budgets, duties and other obligatory payments.".

Article 2. Recognize invalid in the Code:

1) subitem "z" of Item 2 parts of 1 Article 6, Article 86, Chapter 57, part 6 of Article 406, subitem 3 of part 7 of Article 407, Articles 420 and 421;

2) Item 15 of part 1 of Article 108 and Item 12 of part 1 of Article 112;

3) part 3 Articles 184, Item 2 parts of 1 Article 186, part 3 Articles 187, Article 189, parts 3 and 4 of Article 191, Article 194;

4) part 1 of Article 455.

Article 3. In article 8 of the Code:

1) from part 2 words", and as regards the types of activity which are considered as subject to taxation by patent tax - patent tax" to exclude;

2) in part 3:

and. to exclude from Item 1 of the word "except for the types of activity which are considered as subject to taxation by patent tax";

. declare Item 2 invalid;

to state Item 3 in the following edition century:

"3) within system of microentrepreneurship of the organization and physical persons in cases, Chapter 56 of the Code, are exempted, in particular, from VAT liability and (or) the income tax, and also the receipts tax.";

" (Which are not replaced with the receipts tax or patent tax, or subjects of family entrepreneurship of which are not exempted)" shall be replaced with words 3) regarding 4 words "(which the receipts tax does not replace, or subjects of microentrepreneurship of which are not exempted)".

Article 4. From part 3 of article 13 of the Code of the word", except for the accounting period of patent tax, the stipulated in Clause 281 Code" to exclude.

Article 5. In article 15 of the Code:

1) Items 1 and 2 of parts 2 and 3 to recognize invalid;

To replace 2) in parts 3 and 5 of number "1-8" with numbers "3-8".

Article 6. Regarding 1 article 16 of the Code:

The subitem "b" of Item 1 to state 1) in the following edition:

". in case of transactions on commodity import from state member of EEU or to commodity export in state member of EEU - respectively as of date of commodity import on the territory of the Republic of Armenia (crossing of frontier of the Republic of Armenia) or commodity export from the Republic of Armenia (crossing of frontier of the Republic of Armenia), proceeding from the average exchange rate created in the foreign exchange markets, published this day by the Central bank of the Republic of Armenia. In case the goods cross border of the Republic of Armenia air transport or by means of the post service rendered by the post operator, the taxation basis and initial cost of goods in case of transactions from state member of EEU or to commodity export in state member of EEU are determined by commodity import as of the date specified in transport (transportation) documents: the bill of lading, delivery note or other documents, proceeding from the average exchange rate created in the foreign exchange markets, published this day by the Central bank of the Republic of Armenia;";

To exclude 2) from Item 2 of the word "or the physical nonresident person who does not have the permanent organization staying on the registry in the Republic of Armenia", and to add the same Item after the words "as of date of the statement" with words "(irrespective of exit further as a result of refining of these transactions of the specifying settlement document according to the procedure, established by the Code, or irrespective of cancellation of the settlement document which is written out further as regards this transaction)".

Article 7. From part 1 of article 18 of the Code of the word", except for the patent tax established by Chapter 57 of the Code which payment is made prior to the beginning of the accounting period" to exclude.

Article 8. From part 1 of article 32 of the Code of the word", patent tax" to exclude.

Article 9. In the subitem "b" of Item 13 of part 1 of article 36 of the Code of the word" (including the computer equipment for the purpose of reproduction of computer programs)" shall be replaced with words "(the duplicate of the documents containing information connected with this tax audit on the material carrier)".

Article 10. In article 39 of the Code:

6 parts of 1 word "Items 1-4" shall be replaced with words 1) in Item "Items 1-4 and Item 1 of part 2";

Part 2 to state 2) in the following edition:

"2. The place of performance of work or rendering service is considered outside the Republic of Armenia if:

The organization which location, according to Chapter 4 of the Code, the Republic of Armenia, or physical person which residence, according to Chapter 4 of the Code, the Republic of Armenia is not considered is not considered accepts 1) or gets the job or services specified in item 4 of part of 1 this Article (except as specified when it directly accepts works or services the nonresident organization or physical nonresident person directly receives, however their use (consumption) is actually made by their permanent organization);

2) the place of performance of work or rendering service, according to part of 1 this Article, the Republic of Armenia is not considered.".

Article 11. In article 53 of the Code:

1) part 4 to recognize invalid;

2) in item 4 of part 9 of the word "submission of the statement for that being considered as the subject of family entrepreneurship, and the relevant documents proving belonging to family of persons involved in family entrepreneurship" shall be replaced with words "submission of the statement for that being considered as the subject of microentrepreneurship";

Item 3 of part 10 after the words "three years" to add 3) with words ", except for the case provided by the second paragraph of part 5 of article 44 of the Code".

Article 12. From part 1 of Article 54 of the word", except as specified, established by part 5 of article 278 of the Code".

Article 13. In article 55 of the Code:

Shall be replaced with words 1) in part 10 of the word of "nonresident organization" "from the nonresident organization", and words "physical nonresident person" - the words "from physical nonresident person";

Part 11 to state 2) in the following edition:

"11. The transactions made within electronic trading, established in Items 1 and 2 of part of 1 this Article can be documented by the documents issued by the organizations rendering payment and settlement services or the documents printed by means of the equipment servicing the payment instruments used by these organizations.";

Part 12 after words of "payment and settlement system" to add 3) with the words "or credit";

Part 13 to add 4) with the new offer of the following content:

"The government can establish other procedure for documentation of the expenses established by this part.".

Article 14. In Chapters 11, of 14, of 55, shall be replaced with words 75 and 77 Codes of the word "subject of family entrepreneurship" in the corresponding case forms "the subject of microentrepreneurship".

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