Ashot Pashinyan Opens Individual Entrepreneurial Activity Exempt from Taxes

The son of the Prime Minister of Armenia, Nikol Pashinyan, Ashot Pashinyan, has begun engaging in individual entrepreneurship, writes Factor.am.

According to information from the state register of legal entities, Ashot Pashinyan established his individual entrepreneurial activity on January 11, 2024. Examination of the documents revealed that the Prime Minister's son will be involved in creative activities.

It should be noted that he organized an exhibition of his own paintings in 2023. According to the data from the State Revenue Committee, Ashot Pashinyan will operate within the framework of micro-entrepreneurship. This means he will not pay taxes to the state on his income. Those engaged in micro-entrepreneurship are exempt from income tax if their turnover does not exceed 24 million drams; in this case, only a stamp duty is paid.

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