Officials will be penalized for failure to submit income declarations
28.09.2016,
18:28
An extraordinary meeting of Armenia’s parliament adopted today in first reading a set of amendments to the law "On Administrative Offences," which, according to justice minister Arpine Hovhannisyan, are designed to regulate the process of submission of income declarations by high-ranking officials and their affiliates.
YEREVAN, September 28. /ARKA/. An extraordinary meeting of Armenia’s parliament adopted today in first reading a set of amendments to the law "On Administrative Offences," which, according to justice minister Arpine Hovhannisyan, are designed to regulate the process of submission of income declarations by high-ranking officials and their affiliates.
She said under the amendments, if officials or their affiliates fail to submit their income statements after being warned 30 days before they will be penalized in the amount equivalent to about $422.
The minister also noted that if the income declaration is submitted with violations the official may be fined in the amount of 20,000 drams.
She said if the declaration is submitted with an error or contains incomplete information the official may be fined in the amount of $422 to $900. If the breach is not eliminated the law provides for criminal liability, she said. ($ 1 - 473.42 drams) .-- 0--
She said under the amendments, if officials or their affiliates fail to submit their income statements after being warned 30 days before they will be penalized in the amount equivalent to about $422.
The minister also noted that if the income declaration is submitted with violations the official may be fined in the amount of 20,000 drams.
She said if the declaration is submitted with an error or contains incomplete information the official may be fined in the amount of $422 to $900. If the breach is not eliminated the law provides for criminal liability, she said. ($ 1 - 473.42 drams) .-- 0--
