The Armenian parliament is reportedly considering draft legislation to amend the country's turnover tax regime. This includes doubling the turnover tax rates as follows, depending on the activity:

• Trade - 10%, up from 5%
• Manufacturing - 7%, up from 3.5%
• Catering and restaurant services - 12%, up from 6%
• Other activities - 10%, up from 5%

Along with the rate increase, taxpayers under the turn…