Armenia to receive tax information from multinational companies

YEREVAN, January 16. /ARKA/. The Armenian National Assembly has ratified the agreement "On Exchange of Reports between Countries".

The agreement implies that if a transnational company, whose annual gross income exceeds 750 million euros, operates in the country, the countries, where these companies are residents, will provide information to the authorized bodies of the countries, where these companies have representative offices.

According to Ashot Muradyan, Deputy Chairman of the State Revenue Committee, since the agreement applies to transnational companies that are residents of the countries that signed the agreement, and Armenia has no such companies, it will actually be only a recipient of information. -0-

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