The system for announcing financial statements of physical entities will be launched in March 2024, as announced by Ashot Muradyan, Deputy Head of the Central Bank, during a meeting with journalists on January 15th. He highlighted that the period for submitting income declarations for individuals who are required to make such announcements is expanding every year. In 2024, the system will extend to include physical entities, specifically referring to residents. To implement this, web developers and mobile platforms will also be involved.

It is worth noting that on January 11th, Rustam Badasyan, the President of the Central Bank, stated that income announcements for physical entities should be submitted by May, with priority given to those individuals whose changes are of utmost importance. This development showcases the ongoing efforts and commitment of Armenia to ensure transparency and accountability in financial reporting.

The introduction of the system for announcing financial statements of physical entities in March 2024 marks a significant step forward in promoting transparency and accountability in Armenia. Ashot Muradyan, the Deputy Head of the Central Bank, made this announcement during a meeting with journalists on January 15th. He emphasized that the period for submitting income declarations for individuals who are required to do so is continuously expanding. In 2024, the system will include physical entities, specifically targeting residents. To facilitate this process, the involvement of web developers and mobile platforms has been planned.

Recent news from the Central Bank highlights the country’s ongoing efforts to promote financial transparency and reporting. On January 11th, Rustam Badasyan, the President of the Central Bank, emphasized the importance of individuals’ income announcements for physical entities. These announcements should be submitted by May, with priority given to those individuals whose changes are deemed to be the most significant. These measures reflect the dedication of Armenia to foster a culture of accountability and ensure accurate financial reporting.

The upcoming launch of the system for announcing financial statements of physical entities in March 2024 demonstrates Armenia’s commitment to fostering transparency and accountability. During a meeting with journalists on January 15th, Ashot Muradyan, the Deputy Head of the Central Bank, shared this news and highlighted the expanding period for submitting income declarations. In 2024, the system will be extended to include physical entities, particularly residents. The involvement of web developers and mobile platforms further facilitates this process, ensuring efficient and streamlined financial reporting.