TohidA/MONA · Datasets at Hugging Face

611

ARMENIA

911

SBA

2009-03-06

2,009

2011-07-05

2,011

2010-06-27

N/A

2010-03-29

P1

R3

L

SB

20

1. General government

Adopt a government decree establishing a mechanism for implementing a fully functional risk management approaches in VAT refund processing

1

12/31/2010

SB

Introduced at R3. Rationale: improve the business environment by introducing best practice in modern tax administration, while boosting revenue collection and ensuring the integrity of the VAT system.

3

1

2010-12-31

N/A

611

ARMENIA

911

SBA

2009-03-06

2,009

2011-07-05

2,011

2010-06-27

N/A

2010-03-29

P1

R3

L

SB

20

1. General government

Submit a medium-term fiscal framework (2011-13) to the government.

2

07/31/2010

SB

Introduced at R3. Rationale: strengthen the fiscal framework by anchoring fiscal policy in a credible and realistic medium-term framework to ensure fiscal and debt sustainability over the medium- to long-term.

3

2

2010-07-31

N/A

611

ARMENIA

911

SBA

2009-03-06

2,009

2011-07-05

2,011

2010-06-27

N/A

2010-03-29

P1

R3

L

SB

20.1

1.1. Revenue measures, excluding trade policy

As part of the unified Tax Code, submit legislation to parliament to bring petroleum and tobacco products within the regular tax regimes (excise tax, customs duties, profit tax, and VAT), effective January 2011.

1

12/31/2009

M

Introduced at R1. Rationale for macro criticality: Establish a sustainable and effective revenue base by increasing revenue collection from petroleum and tobacco products, while enhancing tax efficiency and equity. Mey at R3.

3

1

2009-12-31

N/A

611

ARMENIA

911

SBA

2009-03-06

2,009

2011-07-05

2,011

2010-06-27

N/A

2010-03-29

P1

R3

L

SB

20.2

1.2. Revenue administration, including customs

Introduce best practices in VAT refund processing to exporters by (i) clearing the stock of late refund claims, while meeting the statutory 90-day processing deadline for all claims filed in 2009; (ii) implementing risk-management approaches;4 (iii) implementing a forecasting system to anticipate refund levels so that funds are available to pay legitimate refund claims as they occur; and (iv) submitting legislation to parliament to strengthen penalties for false refund claims and pay interest on legitimate refunds not paid on time (interest will apply only to new claims filed after December 31, 2009).

1

12/31/2009

MOD-SB

At R1, this condition was split into 2 structural benchmarks -- one related to meeting the 90-day statutory deadline for processing VAT refund claims which will be monitored on a continuous basis, and the other related to submission to parliament for strengthening penalties for overstated VAT refunds, with a test date of end-September 2009.

3

1

2009-12-31

N/A

611

ARMENIA

911

SBA

2009-03-06

2,009

2011-07-05

2,011

2010-06-27

N/A

2010-03-29

P1

R3

L

SB

20.2

1.2. Revenue administration, including customs

Submit legislation to parliament to (a) strengthen penalties for overstated VAT refund claims effective January 2010, and (b) pay interest on all legitimate VAT refund claims filed after December 2009 and not refunded within 90 days, with interest to be paid out of VAT revenues.

2

09/30/2009

M

Introduced at R1. Rationale for macro criticality: Enhance the efficiency of tax administration and improve revenue performance while ensuring the integrity of the VAT system by reducing incentives for fraud and corruption.

3

2

2009-09-30

N/A

611

ARMENIA

911

SBA

2009-03-06

2,009

2011-07-05

2,011

2010-06-27

N/A

2010-03-29

P1

R3

L

SB

20.2

1.2. Revenue administration, including customs

Meet the statutory 90-day processing deadline for all VAT refund claims filed in 2009.

3

09/30/2009

M

Met for R2.

3

2009-09-30

N/A

611

ARMENIA

911

SBA

2009-03-06

2,009

2011-07-05

2,011

2010-06-27

N/A

2010-03-29

P1

R3

L

SB

20.2

1.2. Revenue administration, including customs

Meet the statutory 90-day processing deadline for all VAT refund claims filed in 2009.

3

12/31/2009

M

Met at R3. Was continuous in 2009.

3

2009-12-31

N/A

611

ARMENIA

911

SBA

2009-03-06

2,009

2011-07-05

2,011

2010-06-27

N/A

2010-03-29

P1

R3

L

SB

20.2

1.2. Revenue administration, including customs

Meet the statutory 90-day processing deadline for all VAT refund claims filed in 2009.

3

Continuous

SB

Introduced at R1. Benchmark is continuous throughout 2009. Rationale for macro criticality: Boost the integrity of the tax system and enhance revenue performance by increasing compliance and reducing incentives for tax evasion.

3

2023-09-23

N/A

611

ARMENIA

911

SBA

2009-03-06

2,009

2011-07-05

2,011

2010-06-27

N/A

2010-03-29

P1

R3

L

SB

20.2

1.2. Revenue administration, including customs

As a necessary condition for implementing a fully functional risk-based approach to VAT refund processing, submit legislation to parliament that allows only high-risk VAT refunds to be subject to review.

4

03/30/2010

SB

Introduced at R2. Rationale: enhance the efficiency of tax administration by introducing best practice in modern tax administration, while ensuring the integrity of the VAT system.

3

4

2010-03-30

N/A

611

ARMENIA

911

SBA

2009-03-06

2,009

2011-07-05

2,011

2010-06-27

N/A

2010-03-29

P1

R3

L

SB

20.2

1.2. Revenue administration, including customs

Submit legislation to parliament amending the Law on Presumptive Taxes to allow transfer of certain types of activities identified in the Law on Presumptive Taxes to the general taxation system.

5

09/30/2010

SB

Introduced at R3. Rationale: develop a sustainable revenue base by increasing revenue collection, while enhancing tax efficiency and equity.

3

5

2010-09-30

N/A

611

ARMENIA

911

SBA

2009-03-06

2,009

2011-07-05

2,011

2010-06-27

N/A

2010-03-29

P1

R3

L

SB

21.1

2.1. Central bank operations and reforms

Submit to parliament an amendment to Article 11 of the “Law on the Central Bank of the Republic of Armenia” to allow a gradual recapitalization of the CBA with marketable interest bearing securities.

1

09/30/2009

M

Introduced at R1. Rationale for macro criticality: Promote central bank financing modalities that increase transparency and support monetary policy implementation. [Current modalities (non-marketable, non-interest bearing promissory notes) lack transparency, hinder monetary policy implementation, and discourage debt market development.]

3

1

2009-09-30

N/A

611

ARMENIA

911

SBA

2009-03-06

2,009

2011-07-05

2,011

2010-06-27

N/A

2010-03-29

P1

R3

L

SB

23.2

4.2. Other social sector reforms (e.g., social safety nets, health and education)

In close collaboration with the World Bank, develop a strategy to further strengthen the targeting of social safety nets.

1

12/31/2009

M

Introduced at R1. Rationale for macro criticality: Improve the targeting and efficiency of social safety nets so as to provide additional assistance to the poor while minimizing costs. Met at R3.

3

1

2009-12-31

N/A

611

ARMENIA

911

SBA

2009-03-06

2,009

2011-07-05

2,011

2010-06-27

N/A

2010-03-29

P1

R3

L

SB

25

6. Financial sector

Approve a plan to increase the resources of the Deposit Guarantee Fund.

1

06/30/2009

M

Rationale for macro criticality: higher resources boost the credibility of the Deposit Guarantee Fund, which is crucial in assuring depositors that there is no need to withdraw deposits from banks. In case of bank closures, the Deposit Guarantee Fund would likely need further resources to meet existing commitments to depositors. At R1, previously a structural performance criterion is now a structural benchmark with the same test date.

3

1

2009-06-30

N/A

611

ARMENIA

911

SBA

2009-03-06

2,009

2011-07-05

2,011

2010-06-27

N/A

2010-03-29

P1

R3

L

SB

25

6. Financial sector

Start offering repo operations with a maturity of at least three months.

3

06/30/2009

M

Introduced at R1. Rationale for macro criticality: Unlock the frozen credit market and strengthen the transmission of monetary policy by providing longer-term dram liquidity to facilitate banks’ liquidity management and promote domestic currency lending.

3

2009-06-30

N/A

611

ARMENIA

911

SBA

2009-03-06

2,009

2011-07-05

2,011

2010-06-27

N/A

2010-03-29

P1

R3

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Issue prudential regulations to specifically address currency-induced credit risk, including increased loan-loss provisioning requirements and higher risk weights in capital requirements for foreign currency loans .

1

06/30/2010

SB

Introduced at R3. Rationale: reduce vulnerabilities of the financial sector and enhance banks' risk management in light of increased dollarization and exchange rate flexibility.

3

1

2010-06-30

N/A

611

ARMENIA

911

SBA

2009-03-06

2,009

2011-07-05

2,011

2010-06-27

N/A

2010-03-29

P1

R3

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Formalize the Committee for Financial Stability in an MOU.

2

09/30/2010

SB

Introduced at R3. Rationale: ensure financial sector stability by enhancing contingency planning and crisis preparedness.

3

2

2010-09-30

N/A

611

ARMENIA

911

SBA

2009-03-06

2,009

2011-07-05

2,011

2010-06-27

N/A

2010-03-29

P1

R3

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Issue prudential regulation requiring banks to prepare their contingency plans.

3

12/31/2010

SB

Introduced at R3. Rationale: ensure financial sector stability by enhancing contingency planning and crisis preparedness.

3

2010-12-31

N/A

611

ARMENIA

911

SBA

2009-03-06

2,009

2011-07-05

2,011

2010-06-27

N/A

2010-03-29

P1

R3

L

SB

26

7. Exchange systems and restrictions (current and capital)

CBA to adopt a formal foreign exchange market intervention strategy consistent with IMF technical assistance.

1

06/30/2009

M

Introduced at R1. Rationale for macro criticality: Ensure a coherent intervention strategy to achieve consistent and transparent outcomes in line with the objectives of smoothing excessive movements of the exchange rate and accumulating international reserves.

3

1

2009-06-30

N/A

611

ARMENIA

911

SBA

2009-03-06

2,009

2011-07-05

2,011

2010-06-27

N/A

2010-03-29

P1

R3

L

SPC

25.2

6.2. Restructuring and privatization of financial institutions

Approve a plan to increase the resources of the Deposit Guarantee Fund (DGF).

1

06/30/2009

MOD-SB

Rationale for macro criticality: higer resources boost the credibility of the Deposit Guarantee Fund, which is crucial in assuring depositors that there is no need to withdraw deposits from banks. At R1, this performance criterion is changed to a benchmark with the same test date.

3

1

2009-06-30

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2010-06-28

P1

R0

E

SB

20.2

1.2. Revenue administration, including customs

Develop manuals for tax audits for usage starting January 2011.

1

12/31/2010

SB

Introduced at R0. Rationale: Reduce corruption, increase tax compliance, and enhance revenue collection.

0

1

2010-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2010-06-28

P1

R0

E

SB

20.2

1.2. Revenue administration, including customs

Simplify the reporting system by reducing the frequency of reporting to tax authorities and considerably streamline tax forms for VAT, profits tax, and personal income tax.

2

12/31/2010

SB

Introduced at R0. Rationale: Reduce corruption, increase tax compliance, and enhance revenue collection.

0

2

2010-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2010-06-28

P1

R0

E

SB

20.2

1.2. Revenue administration, including customs

Adopt a government decree establishing a mechanism for implementing a fully functional risk management approach in VAT refund processing.

3

12/31/2010

SB

Introduced at R0. Rationale: Reduce corruption, increase tax compliance, and enhance revenue collection.

0

3

2010-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2010-06-28

P1

R0

E

SB

20.5

1.5. Debt Management

Approve a medium-term expenditure framework (2011–13), including a medium-term debt management strategy.

1

08/31/2010

SB

Introduced at R0. Rationale: Improve fiscal policy framework.

0

1

2010-08-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2010-06-28

P1

R0

E

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Issue a government decree stipulating that clarifications and interpretations of laws, regulations, and procedures on taxes, duties, and mandatory fees should be approved by the Ministry of Finance. These clarifications and interpretations will become normative acts to be published and applied consistently across all taxpayers effective September 1, 2010.

1

07/31/2010

SB

Introduced at R0. Rationale: Reduce corruption, increase tax compliance, and enhance revenue collection.

0

1

2010-07-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2010-06-28

P1

R0

E

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Set up a Tax Appeals Committee under the Ministry of Finance to deal with legal and procedural disputes of taxpayers.

2

09/30/2010

SB

Introduced at R0. Rationale: Reduce corruption, increase tax compliance, and enhance revenue collection.

0

2

2010-09-30

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2010-06-28

P1

R0

E

SB

23.2

4.2. Other social sector reforms (e.g., social safety nets, health and education)

Adopt a decree on introducing an integrated system for the provision of social protection services.

1

03/31/2011

SB

Introduced at R0. Rationale: Reduce poverty.

0

1

2011-03-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2010-06-28

P1

R0

E

SB

25

6. Financial sector

Formalize the Committee for Financial Stability in an MOU to set the modalities for main policy makers to coordinate their policies and responses in case of an imminent critical situation in the banking sector.

2

09/30/2010

SB

Introduced at R0. Rationale: Increase the stability of the financial sector.

0

2

2010-09-30

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2010-06-28

P1

R0

E

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Issue prudential regulations to specifically address currency-induced credit risk, including increased loan-loss provisioning requirements and higher risk weights in capital requirements for foreign currency loans.

1

06/30/2010

SB

Introduced at R0. Rationale: Reduce currency-related risks in the financial sector.

0

1

2010-06-30

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2010-06-28

P1

R0

E

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Issue prudential regulation requiring banks to prepare their contingency plans for liquidity and solvency support.

2

12/31/2010

SB

Introduced at R0. Rationale: Increase the stability of the financial sector.

0

2

2010-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2010-12-01

P1

R1

BLANK

SB

20.2

1.2. Revenue administration, including customs

Develop manuals for tax audits for usage starting January 2011.

1

12/31/2010

MOD-SB

Introduced at R0. Rationale: Reduce corruption, increase tax compliance, and enhance revenue collection. The text was changed in R1. See the modified SB in R1 SB-s.

1

2010-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2010-12-01

P1

R1

BLANK

SB

20.2

1.2. Revenue administration, including customs

Simplify the reporting system by reducing the frequency of reporting to tax authorities and considerably streamline tax forms for VAT, profits tax, and personal income tax.

2

12/31/2010

SB

Introduced at R0. Rationale: Reduce corruption, increase tax compliance, and enhance revenue collection.

1

2

2010-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2010-12-01

P1

R1

BLANK

SB

20.2

1.2. Revenue administration, including customs

Adopt a government decree establishing a mechanism for implementing a fully functional risk management approach in VAT refund processing.

3

12/31/2010

SB

Introduced at R0. Rationale: Reduce corruption, increase tax compliance, and enhance revenue collection.

1

3

2010-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2010-12-01

P1

R1

BLANK

SB

20.2

1.2. Revenue administration, including customs

Implement a fully functional risk-based management approach in VAT refund processing.

4

06/30/2011

SB

Introduced at R1.

1

4

2011-06-30

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2010-12-01

P1

R1

BLANK

SB

20.2

1.2. Revenue administration, including customs

Develop manuals in tourism, real estate, transport, and sectors using cash register machines for tax audits for usage starting January 2011.

5

12/31/2010

SB

This is a modification of the SB which was present at R0, and was modified to this version at R1.

1

5

2010-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2010-12-01

P1

R1

BLANK

SB

20.5

1.5. Debt Management

Approve a medium-term expenditure framework (2011–13), including a medium-term debt management strategy.

1

08/31/2010

M

Introduced at R0. Rationale: Improve fiscal policy framework.

1

2010-08-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2010-12-01

P1

R1

BLANK

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Issue a government decree stipulating that clarifications and interpretations of laws, regulations, and procedures on taxes, duties, and mandatory fees should be approved by the Ministry of Finance. These clarifications and interpretations will become normative acts to be published and applied consistently across all taxpayers effective September 1, 2010.

1

07/31/2010

M

Introduced at R0. Rationale: Reduce corruption, increase tax compliance, and enhance revenue collection.

1

2010-07-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2010-12-01

P1

R1

BLANK

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Set up a tax appeals board under the government to deal with legal and procedural disputes of taxpayers.

2

09/30/2010

MD

Introduced at R0. Rationale: Reduce corruption, increase tax compliance, and enhance revenue collection. This condition was modified at R1.

1

2

2010-09-30

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2010-12-01

P1

R1

BLANK

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Set up a Tax Appeals Committee under the Ministry of Finance to deal with legal and procedural disputes of taxpayers.

3

09/30/2010

MOD-SB

At R1, text or description of this benchmark is modified. "Set up a Tax Appeals Committee" changed to "Set up a tax appeals board.."

1

3

2010-09-30

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2010-12-01

P1

R1

BLANK

SB

23.2

4.2. Other social sector reforms (e.g., social safety nets, health and education)

Adopt a decree on introducing an integrated system for the provision of social protection services.

1

03/31/2011

MOD-SB

Introduced at R0. Rationale: Reduce poverty. At R1, text revised to "Submit amendments to existing laws..."

1

2011-03-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2010-12-01

P1

R1

BLANK

SB

23.2

4.2. Other social sector reforms (e.g., social safety nets, health and education)

Submit amendments to existing laws to parliament to enable the full functioning of an integrated system for the provision of social protection services.

2

12/31/2011

SB

Introduced at R1.

1

2

2011-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2010-12-01

P1

R1

BLANK

SB

25

6. Financial sector

Formalize the Committee for Financial Stability in an MOU to set the modalities for main policy makers to coordinate their policies and responses in case of an imminent critical situation in the banking sector.

2

09/30/2010

M

Introduced at R0. Rationale: Increase the stability of the financial sector.

1

2

2010-09-30

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2010-12-01

P1

R1

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Issue prudential regulations to specifically address currency-induced credit risk, including increased loan-loss provisioning requirements and higher risk weights in capital requirements for foreign currency loans.

1

06/30/2010

M

Introduced at R0. Rationale: Reduce currency-related risks in the financial sector.

1

2010-06-30

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2010-12-01

P1

R1

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Issue prudential regulation requiring banks to prepare their contingency plans for liquidity and solvency support.

2

12/31/2010

SB

Introduced at R0. Rationale: Increase the stability of the financial sector.

1

2

2010-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-06-29

P1

R2

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Increase the tax rate structure for up-market luxury vehicles and SUVs for 2012 and adjust the specific tax on cars annually for inflation.

1

12/31/2011

SB

Introduced at R2.

2

1

2011-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-06-29

P1

R2

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Introduce legislative changes that provide for annual automatic indexation of excises for inflation.

2

08/31/2011

SB

Introduced at R2.

2

2011-08-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-06-29

P1

R2

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Approve a Tax Strategy paper.

3

12/31/2011

SB

Introduced at R2.

2

3

2011-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-06-29

P1

R2

BLANK

SB

20.2

1.2. Revenue administration, including customs

Develop manuals for tax audits for usage starting January 2011.

1

12/31/2010

MOD-SB

Introduced at R0. Rationale: Reduce corruption, increase tax compliance, and enhance revenue collection. The text was changed in R1. See the modified SB in R1 SB-s.

2

1

2010-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-06-29

P1

R2

BLANK

SB

20.2

1.2. Revenue administration, including customs

Simplify the reporting system by reducing the frequency of reporting to tax authorities and considerably streamline tax forms for VAT, profits tax, and personal income tax.

2

12/31/2010

M

Introduced at R0. Rationale: Reduce corruption, increase tax compliance, and enhance revenue collection.

2

2010-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-06-29

P1

R2

BLANK

SB

20.2

1.2. Revenue administration, including customs

Adopt a government decree establishing a mechanism for implementing a fully functional risk management approach in VAT refund processing.

3

12/31/2010

M

Introduced at R0. Rationale: Reduce corruption, increase tax compliance, and enhance revenue collection.

2

3

2010-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-06-29

P1

R2

BLANK

SB

20.2

1.2. Revenue administration, including customs

Implement a fully functional risk-based management approach in VAT refund processing.

4

06/30/2011

SB

Introduced at R1.

2

4

2011-06-30

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-06-29

P1

R2

BLANK

SB

20.2

1.2. Revenue administration, including customs

Develop manuals in tourism, real estate, transport, and sectors using cash register machines for tax audits for usage starting January 2011.

5

12/31/2010

M

This is a modification of the SB which was present at R0, and was modified to this version at R1.

2

5

2010-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-06-29

P1

R2

BLANK

SB

20.2

1.2. Revenue administration, including customs

Set up a taxpayer registry.

6

12/31/2011

SB

Introduced at R2.

2

6

2011-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-06-29

P1

R2

BLANK

SB

20.5

1.5. Debt Management

Approve a medium-term expenditure framework (2011–13), including a medium-term debt management strategy.

1

08/31/2010

M

Introduced at R0. Rationale: Improve fiscal policy framework.

2

1

2010-08-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-06-29

P1

R2

BLANK

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Issue a government decree stipulating that clarifications and interpretations of laws, regulations, and procedures on taxes, duties, and mandatory fees should be approved by the Ministry of Finance. These clarifications and interpretations will become normative acts to be published and applied consistently across all taxpayers effective September 1, 2010.

1

07/31/2010

M

Introduced at R0. Rationale: Reduce corruption, increase tax compliance, and enhance revenue collection.

2

1

2010-07-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-06-29

P1

R2

BLANK

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Set up a tax appeals board under the government to deal with legal and procedural disputes of taxpayers.

2

09/30/2010

MD

Introduced at R0. Rationale: Reduce corruption, increase tax compliance, and enhance revenue collection. This condition was modified at R1.

2

2010-09-30

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-06-29

P1

R2

BLANK

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Set up a Tax Appeals Committee under the Ministry of Finance to deal with legal and procedural disputes of taxpayers.

3

09/30/2010

MOD-SB

At R1, text or description of this benchmark is modified. "Set up a Tax Appeals Committee" changed to "Set up a tax appeals board.."

2

3

2010-09-30

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-06-29

P1

R2

BLANK

SB

21.1

2.1. Central bank operations and reforms

Approve terms and conditions for deposit auction to enable the CBA to absorb liquidity with greater flexibility.

1

09/30/2011

SB

Introduced at R2.

2

1

2011-09-30

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-06-29

P1

R2

BLANK

SB

21.1

2.1. Central bank operations and reforms

Publish the CBA's liquidity forecast that provides projected amount of dram liquidity before CBA's actions with indication of separate components such as currency outside the CBA, net foreign assets, government transactions excluding treasury bill issuances, and treasury bill issuances for liquidity management purposes.

2

12/31/2011

SB

Introduced at R2.

2

2011-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-06-29

P1

R2

BLANK

SB

23.2

4.2. Other social sector reforms (e.g., social safety nets, health and education)

Adopt a decree on introducing an integrated system for the provision of social protection services.

1

03/31/2011

MOD-SB

Introduced at R0. Rationale: Reduce poverty. At R1, text revised to "Submit amendments to existing laws..."

2

1

2011-03-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-06-29

P1

R2

BLANK

SB

23.2

4.2. Other social sector reforms (e.g., social safety nets, health and education)

Submit amendments to existing laws to parliament to enable the full functioning of an integrated system for the provision of social protection services.

2

12/31/2011

SB

Introduced at R1.

2

2011-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-06-29

P1

R2

BLANK

SB

25

6. Financial sector

Formalize the Committee for Financial Stability in an MOU to set the modalities for main policy makers to coordinate their policies and responses in case of an imminent critical situation in the banking sector.

2

09/30/2010

M

Introduced at R0. Rationale: Increase the stability of the financial sector.

2

2010-09-30

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-06-29

P1

R2

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Issue prudential regulations to specifically address currency-induced credit risk, including increased loan-loss provisioning requirements and higher risk weights in capital requirements for foreign currency loans.

1

06/30/2010

M

Introduced at R0. Rationale: Reduce currency-related risks in the financial sector.

2

1

2010-06-30

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-06-29

P1

R2

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Issue prudential regulation requiring banks to prepare their contingency plans for liquidity and solvency support.

2

12/31/2010

M

Introduced at R0. Rationale: Increase the stability of the financial sector.

2

2010-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-12-12

P1

R3

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Increase the tax rate structure for up-market luxury vehicles and SUVs for 2012 and adjust the specific tax on cars annually for inflation.

1

12/31/2011

SB

Introduced at R2.

3

1

2011-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-12-12

P1

R3

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Introduce legislative changes that provide for annual automatic indexation of excises for inflation.

2

08/31/2011

NM

Introduced at R2.

3

2

2011-08-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-12-12

P1

R3

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Approve a Tax Strategy paper.

3

12/31/2011

MOD-SB

Introduced at R2. That lays out the tax reform objectives and implementation plan for 2012–15. Modified to " Approve a Tax Strategy paper that lays out the tax reform objectives and implementation plan for 2012–15."

3

2011-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-12-12

P1

R3

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Overhaul fiscal regime for the mining sector a. Strictly limit the fiscal stability clause in the new mining code to tax rates and to a set period of 5 years. b. Introduce and collect resource rents in terms of a variable royalty regime with the sliding rate depending on the EBIT to sales value. c. Clarification of deductibility of contributions for mine rehabilitation and mine site clean-up.

4

12/31/2011

SB

Introduced at R3.

3

4

2011-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-12-12

P1

R3

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Approve a Tax Strategy paper that lays out the tax reform objectives and implementation plan for 2012–15.

5

12/31/2011

SB

Modified from "Approve a Tax Strategy paper."

3

5

2011-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-12-12

P1

R3

BLANK

SB

20.2

1.2. Revenue administration, including customs

Develop manuals for tax audits for usage starting January 2011.

1

12/31/2010

MOD-SB

Introduced at R0. Rationale: Reduce corruption, increase tax compliance, and enhance revenue collection. The text was changed in R1. See the modified SB in R1 SB-s.

3

1

2010-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-12-12

P1

R3

BLANK

SB

20.2

1.2. Revenue administration, including customs

Simplify the reporting system by reducing the frequency of reporting to tax authorities and considerably streamline tax forms for VAT, profits tax, and personal income tax.

2

12/31/2010

M

Introduced at R0. Rationale: Reduce corruption, increase tax compliance, and enhance revenue collection.

3

2

2010-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-12-12

P1

R3

BLANK

SB

20.2

1.2. Revenue administration, including customs

Adopt a government decree establishing a mechanism for implementing a fully functional risk management approach in VAT refund processing.

3

12/31/2010

M

Introduced at R0. Rationale: Reduce corruption, increase tax compliance, and enhance revenue collection.

3

2010-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-12-12

P1

R3

BLANK

SB

20.2

1.2. Revenue administration, including customs

Implement a fully functional risk-based management approach in VAT refund processing.

4

06/30/2011

MD

Introduced at R1.

3

4

2011-06-30

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-12-12

P1

R3

BLANK

SB

20.2

1.2. Revenue administration, including customs

Develop manuals in tourism, real estate, transport, and sectors using cash register machines for tax audits for usage starting January 2011.

5

12/31/2010

M

This is a modification of the SB which was present at R0, and was modified to this version at R1.

3

5

2010-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-12-12

P1

R3

BLANK

SB

20.2

1.2. Revenue administration, including customs

Set up a taxpayer registry.

6

12/31/2011

MOD-SB

Introduced at R2. At R3, this benchmark is replaced by a new benchmark on identifying whether a taxpayer has VAT liablity.

3

6

2011-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-12-12

P1

R3

BLANK

SB

20.2

1.2. Revenue administration, including customs

Establish the capacity to identify whether the taxpayer has VAT liability by adding a VAT payer identification number to the tax identification number.

7

12/31/2011

SB

Introduced at R3 to replace the benchmark on setting up a taxpayer registry.

3

7

2011-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-12-12

P1

R3

BLANK

SB

20.2

1.2. Revenue administration, including customs

Issue a White Paper detailing the measures and costs to address of addressing mixed cash and accrual accounting and refunding or setting off against future VAT liability excess VAT credits.

8

03/31/2012

SB

Introduced at R3.

3

8

2012-03-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-12-12

P1

R3

BLANK

SB

20.5

1.5. Debt Management

Approve a medium-term expenditure framework (2011–13), including a medium-term debt management strategy.

1

08/31/2010

M

Introduced at R0. Rationale: Improve fiscal policy framework.

3

1

2010-08-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-12-12

P1

R3

BLANK

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Issue a government decree stipulating that clarifications and interpretations of laws, regulations, and procedures on taxes, duties, and mandatory fees should be approved by the Ministry of Finance. These clarifications and interpretations will become normative acts to be published and applied consistently across all taxpayers effective September 1, 2010.

1

07/31/2010

M

Introduced at R0. Rationale: Reduce corruption, increase tax compliance, and enhance revenue collection.

3

1

2010-07-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-12-12

P1

R3

BLANK

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Set up a tax appeals board under the government to deal with legal and procedural disputes of taxpayers.

2

09/30/2010

MD

Introduced at R0. Rationale: Reduce corruption, increase tax compliance, and enhance revenue collection. This condition was modified at R1.

3

2

2010-09-30

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-12-12

P1

R3

BLANK

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Set up a Tax Appeals Committee under the Ministry of Finance to deal with legal and procedural disputes of taxpayers.

3

09/30/2010

MOD-SB

At R1, text or description of this benchmark is modified. "Set up a Tax Appeals Committee" changed to "Set up a tax appeals board.."

3

2010-09-30

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-12-12

P1

R3

BLANK

SB

21.1

2.1. Central bank operations and reforms

Approve terms and conditions for deposit auction to enable the CBA to absorb liquidity with greater flexibility.

1

09/30/2011

M

Introduced at R2.

3

1

2011-09-30

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-12-12

P1

R3

BLANK

SB

21.1

2.1. Central bank operations and reforms

Publish the CBA's liquidity forecast that provides projected amount of dram liquidity before CBA's actions with indication of separate components such as currency outside the CBA, net foreign assets, government transactions excluding treasury bill issuances, and treasury bill issuances for liquidity management purposes.

2

12/31/2011

SB

Introduced at R2.

3

2

2011-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-12-12

P1

R3

BLANK

SB

23.2

4.2. Other social sector reforms (e.g., social safety nets, health and education)

Adopt a decree on introducing an integrated system for the provision of social protection services.

1

03/31/2011

MOD-SB

Introduced at R0. Rationale: Reduce poverty. At R1, text revised to "Submit amendments to existing laws..."

3

1

2011-03-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-12-12

P1

R3

BLANK

SB

23.2

4.2. Other social sector reforms (e.g., social safety nets, health and education)

Submit amendments to existing laws to parliament to enable the full functioning of an integrated system for the provision of social protection services.

2

12/31/2011

SB

Introduced at R1.

3

2

2011-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-12-12

P1

R3

BLANK

SB

25

6. Financial sector

Formalize the Committee for Financial Stability in an MOU to set the modalities for main policy makers to coordinate their policies and responses in case of an imminent critical situation in the banking sector.

2

09/30/2010

M

Introduced at R0. Rationale: Increase the stability of the financial sector.

3

2

2010-09-30

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-12-12

P1

R3

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Issue prudential regulations to specifically address currency-induced credit risk, including increased loan-loss provisioning requirements and higher risk weights in capital requirements for foreign currency loans.

1

06/30/2010

M

Introduced at R0. Rationale: Reduce currency-related risks in the financial sector.

3

1

2010-06-30

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2011-12-12

P1

R3

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Issue prudential regulation requiring banks to prepare their contingency plans for liquidity and solvency support.

2

12/31/2010

M

Introduced at R0. Rationale: Increase the stability of the financial sector.

3

2

2010-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2012-06-15

P1

R4

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Increase the tax rate structure for up-market luxury vehicles and SUVs for 2012 and adjust the specific tax on cars annually for inflation.

1

12/31/2011

PM

Introduced at R2. At R4, Tax rates for luxury vehicles increased for 2012, but no annual adjustment mechanism.

4

1

2011-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2012-06-15

P1

R4

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Introduce legislative changes that provide for annual automatic indexation of excises for inflation.

2

08/31/2011

NM

Introduced at R2.

4

2

2011-08-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2012-06-15

P1

R4

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Approve a Tax Strategy paper.

3

12/31/2011

MOD-SB

Introduced at R2. That lays out the tax reform objectives and implementation plan for 2012–15.

4

3

2011-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2012-06-15

P1

R4

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Overhaul fiscal regime for the mining sector a. Strictly limit the fiscal stability clause in the new mining code to tax rates and to a set period of 5 years. b. Introduce and collect resource rents in terms of a variable royalty regime with the sliding rate depending on the EBIT to sales value. c. Clarification of deductibility of contributions for mine rehabilitation and mine site clean-up.

4

12/31/2011

M

Introduced at R3.

4

2011-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2012-06-15

P1

R4

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Approve a Tax Strategy paper that lays out the tax reform objectives and implementation plan for 2012–15.

5

12/31/2011

SB

Modified from "Approve a Tax Strategy paper."

4

5

2011-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2012-06-15

P1

R4

BLANK

SB

20.2

1.2. Revenue administration, including customs

Develop manuals for tax audits for usage starting January 2011.

1

12/31/2010

MOD-SB

Introduced at R0. Rationale: Reduce corruption, increase tax compliance, and enhance revenue collection. The text was changed in R1. See the modified SB in R1 SB-s.

4

1

2010-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2012-06-15

P1

R4

BLANK

SB

20.2

1.2. Revenue administration, including customs

Simplify the reporting system by reducing the frequency of reporting to tax authorities and considerably streamline tax forms for VAT, profits tax, and personal income tax.

2

12/31/2010

M

Introduced at R0. Rationale: Reduce corruption, increase tax compliance, and enhance revenue collection.

4

2

2010-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2012-06-15

P1

R4

BLANK

SB

20.2

1.2. Revenue administration, including customs

Adopt a government decree establishing a mechanism for implementing a fully functional risk management approach in VAT refund processing.

3

12/31/2010

M

Introduced at R0. Rationale: Reduce corruption, increase tax compliance, and enhance revenue collection.

4

3

2010-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2012-06-15

P1

R4

BLANK

SB

20.2

1.2. Revenue administration, including customs

Implement a fully functional risk-based management approach in VAT refund processing.

4

06/30/2011

MD

Introduced at R1.

4

2011-06-30

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2012-06-15

P1

R4

BLANK

SB

20.2

1.2. Revenue administration, including customs

Develop manuals in tourism, real estate, transport, and sectors using cash register machines for tax audits for usage starting January 2011.

5

12/31/2010

M

This is a modification of the SB which was present at R0, and was modified to this version at R1.

4

5

2010-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2012-06-15

P1

R4

BLANK

SB

20.2

1.2. Revenue administration, including customs

Set up a taxpayer registry.

6

12/31/2011

MOD-SB

Introduced at R2. At R3, this benchmark is replaced by a new benchmark on identifying whether a taxpayer has VAT liability.

4

6

2011-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2012-06-15

P1

R4

BLANK

SB

20.2

1.2. Revenue administration, including customs

Establish the capacity to identify whether the taxpayer has VAT liability by adding a VAT payer identification number to the tax identification number.

7

12/31/2011

M

Introduced at R3 to replace the benchmark on setting up a taxpayer registry.

4

7

2011-12-31

N/A

649

ARMENIA

911

ECF-EFF

2010-06-28

2,010

2013-06-27

2,013

N/A

2012-06-15

P1

R4

BLANK

SB

20.2

1.2. Revenue administration, including customs

Issue a White Paper detailing the measures and costs to address of addressing mixed cash and accrual accounting and refunding or setting off against future VAT liability excess VAT credits.

8

03/31/2012

M

Introduced at R3.

4

8

2012-03-31

N/A