- The Armenian National Assembly announced amendments to the Tax Code signed into law by the president.
- Changes affect VAT treatment for advocacy-related services and rules for deductible expenses related to turnover tax.
- VAT payers in advocacy are not required to apply certain provisions to the VAT base for free legal services if these do not exceed 5 percent of the total VAT base.
- The law specifies which expenses are deductible or non-deductible for turnover tax calculation.
- The law takes effect the day after official publication and applies retroactively from January.
Source: globalvatcompliance.com
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.
