Announcement

Collapse
No announcement yet.

Investments Exceeding 500 M Drams Are Exempt From Profit Tax

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Investments Exceeding 500 M Drams Are Exempt From Profit Tax

    INVESTMENTS EXCEEDING 500 M DRAMS ARE EXEMPT FROM PROFIT TAX

    Lragir.am
    29 March 06

    The tax allowances for foreign investments in Armenia, particularly
    the exemption of profit tax on investments exceeding 500 million
    dram will work until late 2007. According to the news agency ARKA,
    this was stated by Vakhtang Mirumyan, the head of the department
    of government receipts, Ministry of Finance and Economy, during the
    international seminar on banking in Yerevan. "The main peculiarity
    of the tax system of Armenia is its liberal nature for both direct
    and indirect taxes," said Mirumyan.
Working...
X