Armenia to start exchanging tax information with OECD from autumn  2025

ArmInfo. The first data exchange under the OECD agreement on the international bank account  information  will take place in autumn 2025, as stated by Eduard Hakobyan, the head of the State Revenue Committee of Armenia, at the final press conference.  

He recalled that Armenia, as an OECD member  (Organization for Economic Cooperation and Development), adopted the  Common Reporting Standard for automatic financial account information  exchange last year. This standard enables tax authorities in  participating to automatically share information on non-resident  financial accounts in financial institutions based on reciprocity.  Armenia joined the agreement last year.  Hakobyan noted that as of  now, the SRC is not fully prepared for this work. It is necessary to  finalize the legal framework by adopting a number of by-laws. Taking  this into account, the exchange of data will begin in the second half  of the year - most likely in September or October,