ARMENIAN GOVERNMENT PROPOSES NEW TAX BILL

Tert.am
10:02 ~U 03.02.10

The Armenian government has proposed a new set of taxes, of which
the land and property tax will be considered obligatory.

At yesterday’s National Assembly session, Territorial Administration
First Deputy Minister Vache Terteryan presented the draft law "About
Taxes: About Making Amendments and Additions to RA Law."

The new bill sets out to determine new local taxes including: hotel
tax; sales tax; incomplete construction tax; uncultivated land
significant for agriculture tax; a tax on lands with no purpose to
be used, but which are significant for building; a tax on displaying
advertising in buildings belonging to communities; a tax on public
transport stops and stations; and a tax on occupying public spaces.

These taxes will be implemented at the discretion of local government
bodies.

According to Terteryan, in the future, corresponding draft laws will
be proposed for each type of tax.