Tax officials in Armenia are to receive support from the Italian Revenue Agency to implement initiatives to tackle tax base erosion and profit shifting.
The partnership, agreed on November 25, 2019, is part of the Tax Inspectors Without Borders initiative.
Specifically, Italian experts will work closely with Armenian tax officials on current audit cases to transfer knowledge, best practices, and skills.
Mikayel Pashayan, Deputy Chairman of the Armenian State Revenue Committee, said: "Today we have taken a significant step to strengthen international co-operation, which is carried out with the support of the OECD and UNDP. This is an important basis for enhancing our future co-operation and we expect that it will lead us to build an even more sound tax system. I appreciate the value of the co-operation with the Italian Revenue Agency as partner administration and strongly believe in the success of our collaboration."
Paolo Valerio Barbantini, Deputy Director General of the Italian Revenue Agency, said: "International co-operation in tax matters is the best way to strengthen tax administrations capabilities to tackle tax evasion and tax fraud in order to secure the taxable base of our countries and to prevent base erosion and profit shifting."