LAW OF THE REPUBLIC OF ARMENIA

of May 30, 2015 No. ZR-41

About entering of amendment and change into the Law of the Republic of Armenia "About the value added tax"

Accepted by National Assembly of the Republic of Armenia on May 7, 2015

Article 1. ZR-118 of May 14, 1997 "About the value added tax" (further – the Law) after the words "threshold of the VAT" to add the second paragraph of article 3 of the Law of the Republic of Armenia with words ", except for the uncommercial organizations having the message right business activity and the cases specified in the subitem "b" of Item 3 of Article 3.1 and the subitem "an" of Item 1 of article 6 of this Law – the physical persons who are not individual entrepreneurs for whom, from the point of view of application of this Law, threshold of the VAT 58,35 of one million dram of turnover of realization on delivery of goods and provision of services is considered.".

Article 2. To recognize part 3 of article 23 of the Law invalid.

Article 3. This Law becomes effective since July 1, 2015 and is effective till December 31, 2018 inclusive.

The realization turnover size established by the Law of the Republic of Armenia "About the receipts tax" on delivery of goods and provision of services of 115.0 million dram to be considered as the taxpayer from turnover is not applicable in 2015 for those taxpayers (including, for payers of the VAT) who have realization turnover on delivery of goods and provision of services since January 1, 2015 to the introduction of this Law in force exceeded 58.35 million dram. This provision is effective till January 1, 2016.

(c) Soyuzpravoinform LLC

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info