Armenian banks start requesting information about tax residency

Armenian banks have started to request information regarding the tax residency for the automatic exchange of information, NSV Consulting reported.

The financial exchange is conducted in accordance with the OECD standard.

Last year, Armenia signed the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports (MCAA). Concurrently, it has pledged to implement the automatic exchange of financial information by September 2025.