of January 28, 2003 No. ZR-501
About cash transactions
Accepted by National Assembly of the Republic of Armenia on December 26, 2002
This Law governs the relations connected with implementation in the territory of the Republic of Armenia of cash transactions in currency of the Republic of Armenia and foreign currency and also storage of cash.
1. This Law extends on legal entities, the individual entrepreneurs who are considered as payers of the VAT, the public and other institutions operating in the territory of the Republic of Armenia, to their allocated divisions (branches, representations) operating in the territory of the Republic of Armenia, the allocated divisions (branches, representations) of the foreign organizations operating in the territory of the Republic of Armenia (further - the organizations).
2. This Law does not extend to banks and their allocated divisions (branches, representations), including to the allocated divisions (branches, representations) of foreign banks, persons performing transactions on purchase and sale of foreign currency, credit institutions.
The legislation on cash transactions includes this Law, and also the orders of the Government in the cases provided by this Law.
The below-stated concepts are used in this Law in the following sense:
cash - currency of the Republic of Armenia and foreign currency in the form of paper or metallic currency;
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
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The document ceased to be valid since January 1, 2018 according to article 445 of the Tax Code of the Republic of Armenia of November 1, 2016 No. ZR-165