2024-06-20 04:42:19
The RA Legislation “On Cashless Operations” will enter into drive on July 1.
In response to the regulation, in 2022 from July 1, transactions exceeding AMD 300,000 within the territory of the Republic of Armenia, established by regulation, should be carried out in a cashless method. As well as, with respect to particular person transactions, for instance, scholarships, authorities purchases, medical, academic, notary, lawyer, together with consulting companies, a requirement has been established to hold them out fully cashless.
“Salaries, loans and loans supplied by banks and credit score organizations will even be non-cash. Reimbursement of supplied loans, insurance coverage advantages will even be finished in a non-cash manner.
We announce that two of the industrial banks working within the territory of Armenia, particularly “AKBA BANK” OJSC and “AMERIABANK” CJSC, based mostly on the open supply of the Central Financial institution of the Republic of Armenia and the discussions between the banks, have taken over and carried out corresponding large-scale investments and works with a purpose to activate the system of accepting non-cash funds on the beneficiaries by way of money register gadgets.
We inform you you could apply to the talked about banks to obtain the related companies. On the identical time, taxpayers who haven’t had such a chance till now may use the talked about system on the lowest potential charges.
Taxpayers will even obtain a corresponding notification in regards to the talked about info by way of the RA State Income Committee’s “Taxpayer-3” info platform. Furthermore, after receiving the related notification and informing in regards to the servicing financial institution, this system activation on the money register gadget will likely be finished by the financial institution.
As well as, in accordance with Article 4, Half 9 of the Legislation, the Central Financial institution of the Republic of Armenia could set up the utmost and minimal limits of commissions for non-cash transactions, in addition to the circumstances, order and situations of their cost, by way of its normative authorized acts. On this regard, the Central Financial institution will frequently analyze the bounds of commissions charged by RA banks and can perform work in the direction of their optimization.
Together with the rise within the quantity of circulation, additional revisions of the tariffs are anticipated within the route of lower,” the assertion of the Central Financial institution of the Republic of Armenia stated.