Thursday, April 11 2024 17:49
Naira Badalian

Deadline for filing personal income declarations in Armenia may be  extended

Deadline for filing personal income declarations in Armenia may be  extended

ArmInfo. The deadline for filing  an online personal income calculations (declarations) in Armenia may   be extended. The ArmInfo correspondent was informed by acting Head of the Information Technology Department of the State Revenue Committee of the Republic of Armenia Lusine Ayvazyan.

Since 2023, the introduction of a system of universal income  declaration for all resident citizens of the republic has begun in  Armenia. The process will be organized in three stages, and the  number of people required to submit a declaration will increase every  year. The implementation of the system will be completed in 2025. At  the first stage, a declaration of income for 2023 will have to be  submitted by citizens who, as of December 31, 2023, hold municipal or  state positions in accordance with the law "On Civil Service". In  addition, the first stage includes citizens of the Republic of  Armenia who, as of December 31, 2023, are participants (shareholders,  joint owners, members) of commercial organizations resident in the  Republic of Armenia, who declared gross income of 1 billion drams or  more at the end of 2022, as well as those citizens who are considered  the real beneficiaries of the RA Law "On Combating Money Laundering  and the Financing of Terrorism," as well as those who received a loan  in the amount of 20 million drams or more in 2023.  In order to  submit an income declaration, RA citizen declarants will have to  verify their identity electronically, and RA non-citizens will have  to register with the State Revenue Committee and gain access to the  system.

As Ayvazyan explained, in the first case, it will be possible to  identify in  "Yes em" ("Me")national system for identification,  https://www.ekeng.am/ru/esem. There will be two ways to identify  yourself in the system. In particular, through an ID card and a  mobile app. In this case,  you need the ID card to be equipped with a  chip (and its PIN/PUK codes should be preserved) and have a reading  device (ID cards issued before February 15, 2023 had a similar  capability; others will have to reapply for a card from the Ministry  of Internal Affairs). And for the MID process (via a SIM card), you  will need to visit the service office of any mobile operator with an  ID card, where a SIM card will be provided. After the identification  stage, an individual will have to obtain a taxpayer registration  number (TRN) in a simplified manner (already in his personal account)  and proceed to the stage of filling out a declaration.  The process,  at first glance, is not complicated. However, despite the fact that  by May 1, 2024, the first group of declarants will have to file a tax  return, and according to SRC observations there are approximately 120  thousand of them, as of April 11, about 5 thousand declarants  reported income. Here we note that initially, when introducing the  system of universal income declaration of all resident citizens of  the republic, it was noted that declarations should be submitted  before April 1, only then, taking into account , it was decided to postpone the deadline until May 1.

Judging by reviews on the Internet, many declarants encounter  difficulties at the identification stage. . If an individual has a TRN,  login and password with which he has been submitting a personal  income tax return for 5 years, for example, from renting out,  shouldn't these passwords also work in this case? Do you need to  register somewhere else?>, , , , : write the  declarants, turning their attention to the IT specialists of the Tax  and Customs Committee.  Meanwhile, as Lusine Ayvazyan notes, SRC is  not the body responsible for identification issues, they are beyond  the authority of the department. If you have questions about  identification, including providing an electronic signature and an ID  card, she urges you to contact the EKENG company and the Ministry of  Internal Affairs. "The State Revenue Committee is interested in  ensuring that the process proceeds as smoothly as possible for  citizens. In this regard, even before the implementation of the  program, numerous discussions were held with both EKENG  and the  Digitization Office. And the State Revenue Committee applied the  clear decisions they provided," Ayvazyan notes.

However, the legislator threatens to impose sanctions on those who do  not deliver on time or enter something incorrectly. Is the tax  office, taking into account the short deadlines (by the way, the SRC  presented the electronic platform with which taxpayers can submit a  declaration only on March 21) and the shortcomings of government  agencies, ready to meet ?

"The State Revenue Committee understands the situation, even if the  problem is not within the jurisdiction of our department. In view of  this, at this stage the possibility of extending the deadline for  filing a declaration and not imposing fines for possible lateness is  being discussed. The final decision has not yet been made," the  representative of the department noted.

POST A COMMENT
Input digits     


News
EWC Armenia 2024 National Winners announcedEWC Armenia 2024 National Winners announced
Russian Deputy Premier: There are no problems in trade between Russia  and ArmeniaRussian Deputy Premier: There are no problems in trade between Russia  and Armenia
Converse Bank began issuing China UnionPay cards - UnionPay Gold and  UnionPay PlatinumConverse Bank began issuing China UnionPay cards - UnionPay Gold and  UnionPay Platinum
Rostelecom Armenia announced the beginning of rebranding and will henceforth operate under the new brand OVIORostelecom Armenia announced the beginning of rebranding and will henceforth operate under the new brand OVIO
Price index for industrial products in Armenia, began to rise amid  high growth in industrial productionPrice index for industrial products in Armenia, began to rise amid  high growth in industrial production
Team Telecom Armenia announces resumption of communication in  Alaverdi Team Telecom Armenia announces resumption of communication in  Alaverdi 
Armenia`s banking system starts active lending to economy and  populationArmenia`s banking system starts active lending to economy and  population
Civil society to supervise procurement contract execution Civil society to supervise procurement contract execution 
Government property management effective last year - minister  Government property management effective last year - minister  
Armenia bans export of scrap metal, metal goods Armenia bans export of scrap metal, metal goods 
AraratBank completes placement of bonds ahead of scheduleAraratBank completes placement of bonds ahead of schedule
Armenia`s NA discusses turnover tax rate rise Armenia`s NA discusses turnover tax rate rise 
Tree Planting Results with My Forest Armenia: The Power of One DramTree Planting Results with My Forest Armenia: The Power of One Dram
World Bank expresses readiness to help Yerevan develop solid waste  management policyWorld Bank expresses readiness to help Yerevan develop solid waste  management policy
Your home is in Armenia – Ameriabank offers mortgage loans for the DiasporaYour home is in Armenia – Ameriabank offers mortgage loans for the Diaspora
Armenia`s electric energy exports down last year; possible evidence  of decline in real economy - expert Armenia`s electric energy exports down last year; possible evidence  of decline in real economy - expert 
Ameriabank`s Trade Finance portfolio enriched with four prestigious awards from EBRD and IFCAmeriabank`s Trade Finance portfolio enriched with four prestigious awards from EBRD and IFC
On Oct 4- 7, Yerevan to host WCIT for second time On Oct 4- 7, Yerevan to host WCIT for second time 
Mirzoyan began his speech at International Conference on Nuclear  Security by expressing condolences to IranMirzoyan began his speech at International Conference on Nuclear  Security by expressing condolences to Iran
R&D is most important element of EAEU countries integration and  R&D is most important element of EAEU countries integration and  "entrance ticket" to competitive world - Russian economist
Armenia, EFSD sign agreement for USD 100 million financial credit Armenia, EFSD sign agreement for USD 100 million financial credit 
Armenia-UAE economic and technical cooperation commission to meet in  Abu Dhabi Armenia-UAE economic and technical cooperation commission to meet in  Abu Dhabi 
Team Solutions presents its ZangeZOR product at 4Future Banking int`l  forumTeam Solutions presents its ZangeZOR product at 4Future Banking int`l  forum
Armenia`s government plans to implement housing programme for  forcibly displaced people in next 10-12 yearsArmenia`s government plans to implement housing programme for  forcibly displaced people in next 10-12 years
Communications Museum re-opened in YerevanCommunications Museum re-opened in Yerevan
Double increase in turnover tax rate will stimulate transition to  common taxation system: Deputy MinisterDouble increase in turnover tax rate will stimulate transition to  common taxation system: Deputy Minister
Rocket Line - now for 60 months: Idram and IDBankRocket Line - now for 60 months: Idram and IDBank
Rising prices for services, going into shadows and closing businesses  - incomplete list of Rising prices for services, going into shadows and closing businesses  - incomplete list of "expectations" from revision of turnover tax  rate from SME Cooperation Association President
Liability for misrepresented information is proposed in ArmeniaLiability for misrepresented information is proposed in Armenia
Government proposes to make changes to car trade system within  Government proposes to make changes to car trade system within  "Trade-in" program
Armswissbank attracts us$ 10 million loan package from EBRD to support competitiveness and green transitionArmswissbank attracts us$ 10 million loan package from EBRD to support competitiveness and green transition
Armenian lawyers unwilling to pay taxes on universal basisArmenian lawyers unwilling to pay taxes on universal basis
EU Commissioner: EU will continue to contribute to economic  development of ArmeniaEU Commissioner: EU will continue to contribute to economic  development of Armenia
PM discusses opportunities for diversifying Armenian economy with WB,  IFC management PM discusses opportunities for diversifying Armenian economy with WB,  IFC management 
EBRD President considers programs implemented by Bank useful for  development of private sector in ArmeniaEBRD President considers programs implemented by Bank useful for  development of private sector in Armenia
EBRD lends up to US$ 10 million to Armeconombank for MSME on-lendingEBRD lends up to US$ 10 million to Armeconombank for MSME on-lending
Armenia benefits greatly from influx of capital and IT specialists -  EBRD chief economistArmenia benefits greatly from influx of capital and IT specialists -  EBRD chief economist
Finance Ministry, French Development Agency sign cooperation  agreement for 2024-2027Finance Ministry, French Development Agency sign cooperation  agreement for 2024-2027
Idram Junior and Koreez signed a memorandum of cooperationIdram Junior and Koreez signed a memorandum of cooperation
During the 33rd EBRD Business Forum, Ardshinbank hosted a panel discussion on economic and trade sanctions.During the 33rd EBRD Business Forum, Ardshinbank hosted a panel discussion on economic and trade sanctions.
Government to allocate additional AMD 3 billion to finance state  order for healthcareGovernment to allocate additional AMD 3 billion to finance state  order for healthcare
EBRD provides $10 million loan to ArmSwissBan to support  competitiveness and green transition of MSMEsEBRD provides $10 million loan to ArmSwissBan to support  competitiveness and green transition of MSMEs
Pankin: Armenia`s suspension of CSTO funding isn`t tragedyPankin: Armenia`s suspension of CSTO funding isn`t tragedy
Armenian government approves program for providing housing to  families from Artsakh; expenses estimated at  AMD 10-12 billion Armenian government approves program for providing housing to  families from Artsakh; expenses estimated at  AMD 10-12 billion 
EBRD Governors re-elect President Odile Renaud-Basso for second termEBRD Governors re-elect President Odile Renaud-Basso for second term
EBRD, USAID to develop transport infrastructure of Armenia,  Azerbaijan, Georgia EBRD, USAID to develop transport infrastructure of Armenia,  Azerbaijan, Georgia 
No specific dates for the entry into force of the law on compulsory  life insurance for tourists visiting Georgia - RA MFANo specific dates for the entry into force of the law on compulsory  life insurance for tourists visiting Georgia - RA MFA
Pashinyan: all those who have the necessary skills, abilities and  desire can make a profit in ArmeniaPashinyan: all those who have the necessary skills, abilities and  desire can make a profit in Armenia
Odile Renaud-Basso: Armenian economy continues to grow despite  numerous negative factorsOdile Renaud-Basso: Armenian economy continues to grow despite  numerous negative factors
Minister of Territorial Administration and Infrastructures refrains  from specifying North-South Road Corridor Investment Program`s  implementation costs and deadlines Minister of Territorial Administration and Infrastructures refrains  from specifying North-South Road Corridor Investment Program`s  implementation costs and deadlines 
EBRD improves Armenia`s GDP growth forecast for 2024 from previous  4.5% to updated 6.2%EBRD improves Armenia`s GDP growth forecast for 2024 from previous  4.5% to updated 6.2%
EBRD promises unprecedented investments in Armenian economyEBRD promises unprecedented investments in Armenian economy
FMO provided Ardshinbank with a guarantee for a credit portfolio of 20 million US dollarsFMO provided Ardshinbank with a guarantee for a credit portfolio of 20 million US dollars
Lending for construction of southern section of Sisian-Kajaran road  will be largest program ever implemented by EBRD in Armenia - Bank  President Lending for construction of southern section of Sisian-Kajaran road  will be largest program ever implemented by EBRD in Armenia - Bank  President 
French Development Agency, Armenian government to expand cooperation  areas and programs` scope French Development Agency, Armenian government to expand cooperation  areas and programs` scope 
The Power of One Dram Sums up the Two-Year Program with Teach for ArmeniaThe Power of One Dram Sums up the Two-Year Program with Teach for Armenia
Noubar Afeyan willing to use his potential to strengthen Armenia Noubar Afeyan willing to use his potential to strengthen Armenia 
Ministry of Economy of Armenia denies that growth in agricultural  exports is due to re-exportsMinistry of Economy of Armenia denies that growth in agricultural  exports is due to re-exports
Finance Minister: Armenia`s GDP generation growth potential increased  from 4-4.5% to 5.5-6%Finance Minister: Armenia`s GDP generation growth potential increased  from 4-4.5% to 5.5-6%
EBRD funds customs and logistics centre in SyunikEBRD funds customs and logistics centre in Syunik
Read more


Exchange rates
29.05.2024
RUB4.32-0.06
USD387.50-0.53
EUR420.32-1.24
GBP493.91-1.02
CAD283.59-0.62
JPY24.64-0.10
CNY53.45-0.12
CHF424.29-0.39