Armenia: Parliament approves doubling gambling taxes
Armenia’s parliament has approved higher tax rates on online casinos and bookmakers on 6 March 2025. Starting 1 April 2025, gambling tax rates per bet will double from 0.175% to 0.35% for online casinos and from 0.1% to 0.2% for
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Germany updates CbC Report exchange list, adds four new jurisdictions
The German Official Gazette (Bundesgesetzblatt) No. 64 published the Seventh Regulation Amending the Country-by-Country (CbC) Report Extension Regulation on 11 March 2025. This update revises the list of jurisdictions participating in the
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Japan: Cabinet approves new income tax treaty with Armenia
The Japanese Cabinet approved the new income tax treaty with Armenia on 25 January 2025. Earlier, Armenia’s government approved the signing of a new income tax treaty with Japan on 19 December 2024. This follows after Armenia and Japan have
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Armenia introduces tax incentives for the tech sector
Armenia’s National Assembly has passed legislation introducing support measures and tax incentives aimed at advancing programs in the high-tech sector on 4 December 2024. These laws were presented by Minister of High-Tech Industry Mkhitar
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Armenia approves tax treaty with Japan
Armenia’s government has approved the signing of a new income tax treaty with Japan on 19 December 2024. This follows after Armenia and Japan have agreed in principle on the new income tax treaty between the two countries on 16 October
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Armenia: Cabinet ratifies tax treaty with Hong Kong
Armenia’s Cabinet has ratified the income tax treaty with Hong Kong on 12 December 2024. Signed on 24 June 2024, the Armenia - Hong Kong income tax treaty is the first between the two jurisdictions. The agreement will take effect after the
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Armenia approves FTA between EAEU, Iran
Armenia’s President has signed a law for the ratification of the free trade agreement (FTA) between the Eurasian Economic Union (EAEU) (Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia) and Iran on 27 November 2024. The Armenian National
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Vietnam, Armenia confirm intent to sign tax treaty
The government of Vietnam announced – on 19 November 2024, during a meeting between officials from Armenia and Vietnam at Hanoi – that both countries confirmed their intention to sign a tax treaty. At the National Assembly House, right after
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Hong Kong gazettes tax treaty with Armenia, Bahrain, Bangladesh, Croatia, Turkey
Hong Kong’s Chief Executive in Council issued an Order to implement tax treaties with Armenia, Bahrain, Bangladesh, Croatia, and Turkey on 23 October 2024. The Order for signing tax treaties with Armenia, Bahrain, Bangladesh, Croatia, and
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Hong Kong issues tax treaty orders with Armenia, Bahrain, Bangladesh, Croatia, and Turkey
The Hong Kong Inland Revenue has announced that the Chief Executive in Council has issued five orders to ratify upcoming tax treaties with Armenia, Bahrain, Bangladesh, Croatia, and Turkey on 23 October 2024. The Orders will be gazetted today, 25
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Armenia signs Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports
Armenia signed the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports (CbC MCAA) on 5 September 2024, according to an OECD update. Armenia's CbC reporting starts on 1 January 2025 for MNE groups with
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Armenia, Japan agree to sign tax treaty
Japan and Armenia have agreed in principle on the new income tax treaty between the two countries. The announcement was made in a press release by Japan’s Ministry of Foreign Affairs on 16 October 2024. This follows after Japan announced that
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Japan, Armenia to negotiate new tax treaty
The Japanese Ministry of Foreign Affairs announced yesterday that tax treaty negotiations between Japan and Armenia are set to begin on 9 October 2024. The two nations will initiate negotiations for the new convention replacing the current tax
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Armenia withdraws plan to toughen tax crime penalties
Armenia’s government announced that it is reconsidering its proposal to impose stricter criminal penalties for tax violations after receiving criticism from entreprenuers. This has compelled the Armenian tax authority, the State Revenue
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Armenia increases late payment interest rate
Armenia’s Parliament has approved the draft law to increase the late payment interest rate from 0.04% to 0.075% for each overdue day. The revised interest rate will go into effect from 1 January 2025. This law was adopted by parliament in
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Armenia lowers Central Bank refinancing interest rate
Armenia’s Central Bank has lowered the refinancing interest rate from 7.75% to 7.50%. This marks the sixth rate reduction in 2024, following a previous drop of 9.25%. The Central Bank's refinancing rate influences the deductible interest on
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OECD reports advances on harmful tax practices in Armenia, Bulgaria, Croatia, Eswatini, and Hong Kong
The OECD released an announcement on 27 August 2024 highlighting that jurisdictions have made further progress in addressing harmful tax practices through the implementation of the international standard under BEPS Action 5. This is evidenced by
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Hong Kong, Armenia sign tax treaty
The Hong Kong Inland Revenue Department announced that it had signed a comprehensive avoidance of double taxation agreement (CDTA) with Armenia on Monday, 24 June 2024. Tam Tai-pang, Commissioner of Inland Revenue, signed the CDTA on behalf of
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