The adoption of the Tax Code of the Republic of Armenia (October 4, 2016, hereinafter referred to as the Code) made it possible to replace a number of tax-related laws, thereby fostering constructive communication among parties involved in tax relations. This legal framework determined the fundamental principles of the RA tax system, defined key concepts like "tax" and "payment", specified tax types, identified the range of taxpayers, established tax rates, and provided guidelines on the calculation, payment and in cases specified by the Code, collection of tax liabilities, as well as tax benefits. Prior to the adoption of the Code, specific instances were defined when VAT amounts were not eligible for offset. In particular, with the adoption of the Code from January 1, 2020, business entities were given the opportunity to offset negative differences in VAT amounts. At the same time, significant gaps still persist in the Code, the correction of which will contribute to the further improvement of tax relations. In particular, there are misunderstandings regarding the application of the provisions of the Code and the Law on Commerce and Services in relation to certain articles relating to trade discounts. For the purpose of making clarification, it is proposed to bring the indicated articles of this Law in line with the requirements of the Code. It is also proposed to determine the rates of stamp duty applicable for individuals, individual entrepreneurs and notaries.