Head of RA State Revenue Committee, Head of IMF office in Armenia  discuss access of tax authorities to bank information 

ArmInfo.  Chairman of the State Revenue Committee (SRC) of the Republic of Armenia Eduard Hakobyan received a delegation led by the head of the Armenian mission of the  International Monetary Fund (IMF) Iva Petrova.

As reported by the SRC, Eduard Hakobyan, welcoming the IMF  representatives, emphasized the importance of the SRC's long-term  cooperation with the IMF, noting the key role of the IMF in the  process of implementing tax and customs reforms in the Republic of  Armenia.

The SRC Chairman presented the reforms recorded in a number of key  areas of tax administration. In particular, new artificial  intelligence tools have been introduced, the traceability system has  been improved, a tax discipline program has been launched, and the  systems of thematic inspections and obtaining banking information  have been improved.

During the meeting, the tax revenue figures for 2024 and the revenue  forecast for 2025, priorities and reforms of tax administration, as  well as the process of introducing universal income declaration in  Armenia, the consequences of assessing tax gaps and the progress of  customs reforms were discussed. The importance of ensuring access of  tax authorities to banking information of individuals and legal  entities in terms of monitoring the accuracy of information obtained  through the declaration system was also emphasized.

The head of the IMF mission in Armenia, Iva Petrova, emphasized the  effectiveness of the reforms implemented by the State Revenue  Committee and noted the resulting modernization of tax  administration, as well as the improvement of tax discipline.

At the end of the meeting, the parties expressed their readiness to  continue bilateral cooperation.