August 28, 2020 - 13:25 AMT
Universal income declaration mechanisms discussed in Armenia

Prime Minister Nikol Pashinyan held a consultation on Thursday, August 27 to discuss the introduction of a system of universal declaration of natural persons’ incomes.

The meeting was attended by the heads of several government agencies, members of National Assembly standing committees and those of the Office of the Prime Minister.

Different mechanisms for organizing the process of universal declaration of incomes were discussed during the meeting, which focused on the need to develop an effective model of taxation, the types of income and the range of natural persons subject to taxation, the administrative toolkit to be used in this process and other issues of topical interest. Several proposals and recommendations were voiced during the exchange of views that followed.

Highlighting the introduction of a culture of income declarations in our country, Pashinyan urged the stakeholders to develop comprehensive mechanisms for the universal declaration of incomes and submit relevant proposals.