YEREVAN. - The business will have only ten minutes instead of the former one hour to make corrections in the tax statement.

Deputy Chairman of the State Revenue Committee (SRC), Vakhtang Mirumyan, said the aforementioned in the parliament Monday, introducing the republic’s draft Tax Code, which will take effect from 2018.

Before that 24 hours were given for the corrections, this time being reduced to an hour later. The reason is that during this time it is possible to deliver the goods. then cancel the tax account and conceal the transaction from taxes.  

This loop can be made use of even in an hour, since in Yerevan, where the main business activity is concentrated, goods can be delivered from any part of the city to another.

“We want to close this opportunity of tax evasion,” Mirumyan said.