The State Revenue Committee (SRC) of Armenia has announced that taxpayers wishing to operate under special taxation systems starting January 1, 2025, must submit their declarations by February 20, 2025. This deadline applies to both the turnover tax system, as stipulated under Article 254 of Armenia’s Tax Code, and the microbusiness taxation system, as outlined in Article 267 of the same code.
To avoid complications in selecting their taxation system, taxpayers are encouraged to submit their declarations electronically through the Tax Reporting Electronic System. Newly established organizations or individual entrepreneurs must submit the appropriate declaration within 20 days of registration or accounting.
The SRC also clarified that, in addition to existing restrictions, the following groups are prohibited from operating under the turnover tax and microbusiness taxation systems:
Turnover Tax System:
- Notaries,
- Providers of legal services,
- Organizers of lottery activities.
Microbusiness Taxation System:
- Operators of saunas, baths, and steam rooms,
- Businesses engaged in trading (buying and selling),
- Providers of services such as:
- Examinations,
- Hairdressing and body care,
- Vehicle maintenance and repair,
- Brokerage services (including real estate transactions),
- Software development,
- Construction,
- Architectural and engineering project design,
- Real estate appraisal and surveying,
- Similar activities or services.
SRC Guidance
The SRC has published an informational leaflet on its official website, under the “Other Publications” section, offering detailed insights into the microbusiness taxation system. Taxpayers are encouraged to review this resource for clarity on eligibility and requirements.
With this announcement, the SRC aims to ensure that taxpayers are well-informed about their options and obligations, facilitating smoother transitions to the selected taxation systems.