Regulatory Alerts2025-04-30 | 8517Added · Updated
Joint Resolution Introducing Supplements and Changes to Asset Classification and Tax Revenue Recognition Procedures
The Minister of Finance and the Board of the Central Bank of the Republic of Armenia jointly issued a resolution amending the procedure for classifying financial assets and establishing provisions against possible losses. The amendments exempt government-subsidized assets from specific classification limits and clarify tax treatment for recovered foreign currency assets and off-balance sheet write-offs. These changes, effective ten days after publication, apply to relations arising after January 1, 2025, and exclude registered investment funds from certain supervisory provisions.
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