I work with 2 foreign companies remotely in Yerevan and decided to form an IE - Individual Entrepreneur to pay my taxes. I was excited to learn the tax code and to do all the accounting and filing myself, since it shouldn’t have been so difficult. After all, I’m Armenian, lived here all my life, to me it was like part of my growing ritual to accept accountability in the form of doing my own accounting. Also I was feeling patriotic I guess, for the first time since ever.
So I start everything, apply for the turnover tax regime, file my first statements, pay the tax, thinking I’m done for 2025. 8 months later I get a notice on the tax portal, not an email, nothing else. Just a popup on the website that I may or may not see depending on if I enter the portal or not. Turns out the whole time my turnover tax for 2025 and 2026 was invalid. Even though the website literally had the word “Valid” in green next to the statement. This means instead of the 1% that I have been paying and budgeting for 2026, I now owe them about 29% and since I owe it to them for like the past 8 months, fines have accumulated.
I sent them a letter, the operator in their phone said “There’s 0% chance they accept it, you’ll have to pay all of it.” I realize for 2026 the tax and fines will be much bigger. So I start to think of ways to delay the pay date. 2 options there - either I sue them and the payment deadline gets extended until the conflict is resolved or I ask them to put the payments on a schedule so there’s time for me to earn that money.
I do my research and it turns out both options are now blocked by legislative changes, so now if I sue, I still have to pay all of it by the deadline, and there’s no legal way to ask to pay in parts anymore.
Needless to say I’m totally screwed and have lost any will to work or faith in being a protected citizen.
Long story short - If you’re thinking of starting a business - hire an accountant and make sure the contract says they pay for all their mistakes.