Rules for the Use of Receipt Machines to be Eased for the Benefit of Business

During the session of the National Assembly’s Standing Committee on Economic Issues on November 27, the draft law on "Amendments and Additions to the Tax Code of the Republic of Armenia" was discussed. This draft was presented by the Minister of Economy of Armenia, Gevorg Papoyan. The aim of the draft is to improve tax regulations for small and medium enterprises (SMEs) and create a fairer system of accountability for violations of receipt machine usage rules.

According to Papoyan, the current legislation does not differentiate between violations of receipt machine usage rules, regardless of the nature of the violation or its impact on the state budget. He noted that this change is particularly important for enterprises with small turnovers, which often lack the necessary technical knowledge for proper coding. "We propose a fairer model that corresponds to the actual damage and the nature of the violation," the minister emphasized.

Currently, the same penalty is applied for both failing to issue a receipt and minor errors, such as inaccuracies in the product code. The draft proposes to mitigate the responsibility that does not result in financial damage to the state budget. For example, if the product code for external economic activity is incorrectly specified on the receipt, but the price and name of the product are accurate, such violations will be punished with a warning, and if repeated in the following year, with a fine of 50,000 drams.