Armenia’s Parliament Approves Bill to Curb Tax Evasion by Large Companies

• Armenia’s parliament approved amendments to tax and VAT laws.
• The amendments aim to restrict tax evasion by companies.
• The bill targets large companies splitting into smaller ones to avoid VAT.
• It clarifies the concept of affiliated persons acting with common economic interests.
• The amendments aim to close loopholes used to avoid VAT payments.

Source: arka.am

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.