International Tax Consultancy
Observations of International Tax are important for the implementation of major investment projects. Main points are accuracy of tax consequences of foreign transactions from the point of Armenian tax legislation and international tax treaties.
Problems usually arise in the application of international agreements and in such cases all components are examined: combination with national clause, international project budget lines, implementation of works under the nature and scope of the project, the accuracy of administrative information and preparation of tax reports, etc.
Tax Consultancy on International Transactions Details
Tax consultancy on international transactions is most demanded among our international tax services, because local companies, even medium and sometimes small enterprises, also carry out transactions with foreign companies.
We provide consultancy on application of VAT 0% rate in Armenia, the mechanism and possibility to use the international treaty, , taxes and custom duties paid at the border during import of goods into Armenia (including the leasing or those realized by factoring mechanism), specifics of transaction tax with entities in Eurasian Economic Union member states and so on.
Preparation of Tax Reports for Non-residents
Essential peculiarities of Preparation of Tax Reports for Non-residents are defined on tax declaration and related statements used by non-residents. This concerns especially the profit tax, as for other taxes it is necessary to take care of onetime package and registration system in advance reconciling it with the requirements of RA legislation (e.g., accounting policy, the description of the projects implemented in RA, and preparation of materials with tax authority for determination of taxable profit in RA and choice of direct or indirect method for discussion, etc.).
Consultancy on Tax Treaties
BDO in Armenia that provides integral services on tax treaties, including:
- consultancy on tax treaties of RA on evasion of double taxation
- Professional clarifications on clauses of OECD (Organization of Economic Cooperation Development) and UN (United Nations) model tax conventions
- consultancy on the article of the treaty with a certain country
- Extracts and/or analytical references according to the fields, income types, etc.
- Application of tax treaties in certain transactions or invest projects
Tax consulting on application of economic agreements of Armenia
Existence of international informational database, as well as experience of services rendered to foreign legal entities operating in different spheres, afford an opportunity to extend activity field and, besides the tax and accounting services, enter the related sphere: that is application of other international economic treaties-investments, field regulations, agreements of free economic zone, Agreements of World Trade Organizations and other bilateral and multilateral agreements.
Consultancy on tax planning
Consultancy on tax planning is one of the most interesting yet challenging aspects of international consultancy. We offer consultancy on numerous factors you deal with while establishing optimal scheme of the investments in Armenia and/or projects implementation, comparison and combination of different transactions, in particular
• planning usage of threshold norm terms defined by law and other opportunities keeping neutrality and optimality against business decisions
• use of international tax agreements in the framework of business decisions neutrality and optimization
• combination / association of some economic agreements, some services, tax treaties of several countries for economy of tax and administrative expenses permitted by law taking into consideration business habits circulation and other restrictions.