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LAW OF THE REPUBLIC OF ARMENIA

of December 23, 2010 No. ZR-187

About modification of the Law of the Republic of Armenia "About Tax Service"

Accepted by National Assembly of the Republic of Armenia on December 8, 2010

Article 1. Two Items 1 of part 2 of article 28 of the Law of the Republic of Armenia "About Tax Service" of July 3, 2002 to state the paragraph to ZR-407-N in the following edition:

"For calculation of fund in tax authority special cards of the personal account open. The form and procedure for maintaining the special card of the personal account are established by higher tax authority.

Obligations in fund and their repayments (payment, transfer), and also the amounts paid over obligations are calculated in dramas (without лум). In case of liquidation of the organization or the business owner general obligations and overpayments to hundred dram are ignored.

Due to the actual payments (or transfers) made by the payer in fund during application of chronological procedure if the payer did not specify specifically by what period and what repayment of the obligation they concern (not target), then the available obligations in the area of this type of tax in the following priority are in the first place settled: tax amount (payment), penalty fee, penalties, and from the penalties which are not concerning any type of tax (payment type) are in the first place settled the amounts of the doubled penalties.

Transfers from the card of the personal account on the special card of the personal account (and back) are made in the procedure established by the Government of the Republic of Armenia. The penalty fee and (or) penalties calculated concerning the taxes registered on the card of the personal account (including the payments replacing taxes), the state fees and other obligatory payments, ecological payments, and also the doubled penalties are considered on the same card of the personal account. The penalty fee calculated concerning the taxes registered on the card of the personal account, the state fees and other obligatory payments, ecological payments and also the doubled penalties are considered on the same special card of the personal account.".

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