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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.

Tatul Movsisyan’s “Youth Support Center” under “TM Audit” CJSC announces start of 3-month course in applied accounting.

 (pdf format )

Due to changes in the RA law on "Mandatory Funded Pension" amendments were made in the RA law on "Income tax".

An amendment was made to the RA law on “Accounting” by which large organizations can publish their financial statements without auditor's report. That is large organizations are exempted from mandatory audit.