GOI and Armenia has inked the protocol to amend the existing Double Taxation Avoidance Convention that has been in existence since 9th September, 2004.
What Protocol amends?
- It amends the Article on Exchange of Information for tax purposes on the sidelines of updated provisions in the OECD Model.
- It will enable both nations to exchange information related to financial and banking transactions which will result in addressing tax evasion.
- It also helps in strengthening of efforts to curb generation of black money.
Keys Armenia:
- Capital – Yerevan
- Currencies – Noah’s Ark silver coins, Armenian dram
- PM – Hovik Abrahamyan
- President – Serzh Sargsyan
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