Thursday, May 21 2026 11:26
Alexandr Avanesov

Potential for implementing new Horizontal Monitoring of Trade  Turnover system discussed in Armenia 

Potential for implementing new Horizontal Monitoring of Trade  Turnover system discussed in Armenia 

ArmInfo. A meeting was held within the framework of the Public Council, chaired by State Revenue Committee Chairman Eduard Hakobyan. The purpose of the meeting was to facilitate a dialogue between the state and society to discuss the potential for new reforms proposed in the tax sphere and current  issues related to the implementation of the legislative amendments. Members of the Public Council and heads of the SRC's structural divisions participated in the meeting.

The Committee Chairman emphasized the importance of the reforms being  carried out in the tax sphere, highlighting the revision of criminal  liability thresholds, as well as the implementation of tax  administration practices and the electronic cash register system as  key areas.

During the meeting, the potential for implementing a new "Horizontal  Monitoring of Commodity Turnover" system, aimed at unified accounting  and coding of commodity turnover, was presented in the context of new  reforms. Reference was made to international experience, leading to a  discussion of the feasibility of implementing individual commodity  codes and "Virtual Warehouse" systems.

The potential for implementing an individual commodity code system,  which would allow goods to be registered in the "Virtual Warehouse"  system, including complete product data, was highlighted. The new  capabilities presented and discussed will make the product  registration process more accessible for taxpayers, reducing the  likelihood of technical and other errors during product registration,  as well as the frequency of on-site administration. It was proposed  that the systems be implemented using a combination of incentive  tools and on a voluntary basis, which could be achieved by increasing  voluntary taxpayer discipline based on risk criteria.

At the same time, Council members also addressed issues that arose in  the implementation of electronic cash registers, in particular,  issues related to the reflection of the personal identification code  for a medical service on a cash receipt or other payment document in  the field of medical care. During the meeting, opinions were  exchanged, points of view were expressed, and constructive proposals  were presented on the issues raised, problems encountered, and  potential solutions. The Committee Chairman, summing up the meeting,  emphasized new opportunities for reforms discussed in this format,  aimed at simplifying tax administration and increasing voluntary tax  discipline. It was decided to hold another discussion after the new  systems presented have been clarified and mechanisms for their  implementation have been developed.