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STATE TO COMPENSATE COMMUNITIES
Panorama.am
17:43 22/06/06
>From now on for any changes, especially reductions in land tax,
property tax or any other taxes going to community budget, the state
will make a compensation for 3 years continuously to the community
budgets.
According to Law on Local Self-governments in case NA adopts a
law that reduces community revenues, the state has to compensate
the losses. According to the law, the compensation should be made
according to order stipulated by law and not by government decree,
for example. However, until this date there was no law regulating
the order of making this compensation.
Concurrently, changes have been in a number of laws, including on
Property Tax, according to which the rate has been reduced from 0,3
to 0,6. This has negatively influenced community budgets but because
of no regulations on making compensations, no compensation were made.
Yesterday the government approved such regulations which will be
submitted to National Assembly. In a briefing followed the government
session, vice minister of finance and economy Pavel Safaryan said
that the communities, which have suffered losses, will be reimbursed
for three years continuously starting next budget year.
Panorama.am
17:43 22/06/06
>From now on for any changes, especially reductions in land tax,
property tax or any other taxes going to community budget, the state
will make a compensation for 3 years continuously to the community
budgets.
According to Law on Local Self-governments in case NA adopts a
law that reduces community revenues, the state has to compensate
the losses. According to the law, the compensation should be made
according to order stipulated by law and not by government decree,
for example. However, until this date there was no law regulating
the order of making this compensation.
Concurrently, changes have been in a number of laws, including on
Property Tax, according to which the rate has been reduced from 0,3
to 0,6. This has negatively influenced community budgets but because
of no regulations on making compensations, no compensation were made.
Yesterday the government approved such regulations which will be
submitted to National Assembly. In a briefing followed the government
session, vice minister of finance and economy Pavel Safaryan said
that the communities, which have suffered losses, will be reimbursed
for three years continuously starting next budget year.