Armenia Parliament Announces Presidential Signing of Law to Amend Tax Code

The Armenian National Assembly April 4 announced that the president signed a law to amend the Tax Code. The law includes measures: 1) explaining that the specified provisions don’t apply to the tax base of free legal services provided by VAT payers engaged in advocacy activities, provided that the VAT base of such services doesn’t exceed 5 percent of the VAT payer’s VAT base in respect of all transactions subject to VAT during the applicable reporting period, with the specified provisions applying to the part exceeding that amount; and 2) specifying deductible and non-deductible expenses with respect to the amount ...