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Armenian Church To Reduce Philanthropy Expenses If Taxed

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  • Armenian Church To Reduce Philanthropy Expenses If Taxed

    ARMENIAN CHURCH TO REDUCE PHILANTHROPY EXPENSES IF TAXED

    news.am
    Oct 27 2011
    Armenia

    YEREVAN. - The fact that the bill on granting tax privileges to the
    church was adopted at the first hearings in the parliament proves
    respect for the Armenian Church, ruling Prosperous Armenia Party MP
    Vardan Bostanjyan said at the press conference on Thursday regarding
    the bill on granting taxation for Holy See Echmiadzin.

    The MP said that the issue was that local self-governmental bodies
    have lack of self-financing. Financial assets are not enough for the
    community development. Besides they come from the taxation of land
    and property, which does not allow active development. The adoption
    of bill means that local self-governmental bodies, which receive
    subsidy from state, get deprived of money.

    In response, Bishop Arshak Khachatryan stated that taxes for lands,
    which belong to the church, are not the major income of the local
    communities. Thus, taxes are not much and will not damage the community
    budget if Armenian Church will be granted tax privileges.

    Besides, if the church pays tax, it will have to reduce one third of
    its philanthropic projects.

    Armenian News-NEWS.am earlier informed that the bill caused serious
    discussions in the national parliament.

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