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National Assembly of RA adopted laws on making amendments and supplements to RA law on
“Value Added Tax”: RA law-129, dated 22.07.2014.
The National Assembly of the RA has adopted new RA law on “Public Sector Accounting”.
Amendment were made to the RA law on "Turnover tax", particularly the turnover tax payers engaged in commercial activities apply 1% rate within the taxable object for the calculation of the turnover tax for each reporting period (instead of the previous 3.5% rate) and are obliged to document all transactions for the purchase of goods according to the statutory requirements.