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Submitting an application for turnover tax takes maximum 5 minutes by filling all the necessary information online. Once the application is submitted to the State Revenue Committee, you will immediately receive a confirmation notification.
Turnover tax is a state tax, which substitutes the VAT for individual entrepreneurs. To be eligible for turnover tax regime, the taxpayer’s annual income must be below the turnover tax threshold. As of now, the threshold for turnover tax is 115 million AMD annually. After being registered as an individual entrepreneur, within 20 days you need to submit an application form on being deemed turnover taxpayer to tax authorities via electronic tax report system.