Penalties for tax evasion weakened in Armenia

Penalties for tax evasion weakened in Armenia

The Armenian parliament adopted the draft amendments to the Criminal Code on weakening of the penalties for tax evasion.

The bill was adopted unanimously by 96 votes, News.am reported.

According to new bill, those who include in a report false data, using forged documents in order to reduce the tax base, will be held accountable.

At the same time, it is proposed to increase the threshold for criminal penalties from two to four million drams (about $ 8.3 thousand).

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