Armenia’s National Assembly passed, in the first reading, amendments to the Tax Code aimed at simplifying the income declaration process for individuals. The bill was approved with 60 votes in favor, 2 against, and 6 abstentions. Under the new system, personal income declarations will be pre-filled by the State Revenue Committee (SRC), and individuals will be given extended time to review and make corrections if necessary.
If a person has no income other than a salary, they will no longer be required to submit a declaration. However, to access tax rebates for health or education expenses, individuals must at least log in to the SRC platform and confirm the pre-filled data.
With citizen consent, the SRC will be able to automatically obtain necessary data from banks, such as interest income from deposits. If consent is not granted, individuals must input the data manually.
Babken Tunyan, an MP from the ruling Civil Contract faction and the bill’s sponsor, noted that second-reading revisions are already planned. These include excluding loans and borrowings from declaration requirements, as well as exempting intra-family transfers (e.g., between parent, child, sibling) from being reported.
Transfers involving extended relatives or non-family members — such as a cousin or a friend’s aunt — will be subject to declaration only if exceeding 300,000 AMD.
Tunyan emphasized that individuals with undeclared taxable income not visible to tax authorities will still be liable and fined if violations are found. He acknowledged the process may be difficult for retirees and said specific measures will be introduced to assist them.
The bill is expected to be passed in second reading within 24 hours, so changes take effect by November 1.
Currently, all salaried employees and individuals earning income under civil contracts are required to submit declarations by November 1 — even if they have no other sources of income.
