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ARMENIAN PRESIDENT SIGNS INTO LAW BILL EXEMPTING NON-RESIDENTS FROM PROFIT TAX WHO INVEST IN EUROBONDS
YEREVAN, September 11. / ARKA /. Armenian President Serzh Sargsyan
signed on Tuesday into law amendments to the law on profit tax.
According to the amendments, the income derived by non-residents from
investing in the Armenian government foreign-currency denominated
bonds, will be exempt from income tax.
Earlier, Deputy Minister of Finance of Armenia, Suren Karajan said
this decision is aimed at encouraging investments of non-residents
in the Armenian Eurobonds.
The first issue will be worth $500 million with a ten-year maturity
period. The government also chose Deutsche Bank AG, HSBC Bank plc
and JPMorgan Securities plc as the underwriters. -0-
11:17 11.09.2013
http://arka.am/en/news/business/armenian_president_signs_into_law_bill_exempting_n on_residents_from_profit_tax_who_invest_in_eurobon/
YEREVAN, September 11. / ARKA /. Armenian President Serzh Sargsyan
signed on Tuesday into law amendments to the law on profit tax.
According to the amendments, the income derived by non-residents from
investing in the Armenian government foreign-currency denominated
bonds, will be exempt from income tax.
Earlier, Deputy Minister of Finance of Armenia, Suren Karajan said
this decision is aimed at encouraging investments of non-residents
in the Armenian Eurobonds.
The first issue will be worth $500 million with a ten-year maturity
period. The government also chose Deutsche Bank AG, HSBC Bank plc
and JPMorgan Securities plc as the underwriters. -0-
11:17 11.09.2013
http://arka.am/en/news/business/armenian_president_signs_into_law_bill_exempting_n on_residents_from_profit_tax_who_invest_in_eurobon/