Armenia Approves Simplification of the Universal Income Declaration System

According to the source, the declaration system for Armenian citizens and tax residents is intended to become less burdensome: some data is pre-filled automatically, while several common types of receipts are proposed to be excluded. This matters most to people who relocate and become Armenian tax residents or use Armenian bank accounts, as deposit income is planned to be reflected automatically. In practice, residents will still need to review the pre-filled return and meet the filing deadline, even if they are not required to enter all information themselves. The change is worth tracking for people living in Armenia who receive transfers, gifts, inheritances or bank income; it is less significant for short-term visitors.