Indirect tax ebook - Armenia

Scope

Value added tax (VAT) is a type of indirect tax which is charged on the final consumption of certain goods and services in the home market but is collected at every stage of production and distribution. Liability for VAT rests with the person supplying the taxable goods or services. The final consumer therefore bears the actual burden of the tax and pays a tax on the value added to the goods or services. A private entrepreneur or company collects the VAT from the consumer (deducting the VAT already paid at other stages of production and distribution) and sends the tax return to the tax authorities and the positive difference to the state budget in conformity with the requirements of the tax legislation of the Republic of Armenia.

Information about Armenia

This information has been provided by Grant Thornton Armenia, a member firm within Grant Thornton International Ltd and is for informational purposes only. Neither Grant Thornton Armenia nor Grant Thornton International Ltd can guarantee the accuracy, timeliness or completeness of the data contained herein. As such, you should not act on the information without first seeking professional tax advice.
Disclaimer

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For further information on indirect taxes in Armenia please contact Hakob Tadevosyan

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