The Armenian government has approved a package of legislative initiatives for improvement of the revenue code.

According to deputy chairman of the RA State Revenue Committee Ruben Kocharyan, the bill envisages one-stop principle, what will considerably simplify the registration process.

“Earlier, the taxpayer had to go to a number of instances to register business. Now, the procedure is considerably simplified,” he said.

The legislation will take effect from January 1, 2011.