LAW OF THE REPUBLIC OF ARMENIA

of June 9, 2021 No. ZR-244

About modification and amendments in the Tax code of the Republic of Armenia

Accepted by National Assembly of the Republic of Armenia on May 26, 2021

Article 1. In Item 10 of part 1 of article 4 of the Tax Code of the Republic of Armenia of October 4, 2016 (further - the Code):

Shall be replaced with words 1) in subitems "v" and "g" of the word "liable to the value added tax on zero rate" "the compensated tax amounts on value added";

The subitem "d" to state 2) in the following edition:

"from the compensated tax amounts on value added which are subject to transfer into the single account registered (proved) by results of studying or check".

Article 2. To add part 11 of article 53 of the Code with Item 3 following of content:

"3) to that accounting period, transfer of the compensated tax amounts which arose by results of which on value added into the single account was performed according to the simplified procedure established by the Government according to part 10 of article 348 of the Code.".

Article 3. To state article 74 of the Code in the following edition:

"Article 74. Procedure for calculation of the tax amount on value added which is subject to compensation from the government budget

1. The VAT amount which is subject to compensation from the government budget by results of activities for the accounting period is estimated as negative difference of the VAT amount estimated concerning taxation basis of the transactions which are considered as the taxation object established by Items 1 and 2 of part 1 of article 60 of the Code, the VATes and VAT amounts performed during the accounting period of stay by the payer, contributory (subtracted) according to the procedure, the stipulated in Clause 71 Code (if other not stipulated in Clause 72 Codes) (further - the compensated VAT amount). Also compensated VAT amount which is formed on the single calculation of the VAT and the excise tax provided by the taxpayer acting in special system of the taxation which belongs to the period of stay by the payer of the VAT is considered the compensated VAT amount.

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