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Parliament abolishes tax on expensive cars in Armenia
YEREVAN, April 30. /ARKA/. Armenia's National Assembly passed in the
first reading the bill envisaging abolition of tax on expensive cars
at its session Wednesday.
The bill is authored by the ruling Republican Party of Armenia.
Non-coalition factions ` Prosperous Armenia, Dashnaktsutiun, Armenian
National Congress, Heritage and Orinats Yerkir ` said they would not
participate in the vote. The ruling party announced a 20-minute break
and passed the law with 67 votes of its members afterwards. One
abstained from voting.
The amendment relates to cars costing more than 25 million drams or
cars not older than 2 years and with motor capacity of 4,500 cubic
centimeters and above.
Yesterday, the head of parliament commission for economic issues
Vardan Ayvazyan said budget receipts reduced by about 3 billion drams
after the tax was introduced. It was expected receipts from excise tax
would increase instead, he said.
`There is another reason expensive cars should be temporarily exempt
from excise tax. We are joining the Eurasian Economic Area in 2015 and
accept the unified tax on cars. They are already high, so let people
who want to import expensive cars do that before then', Ayvazyan said.
($1=413.10drams). `0--
- See more at: http://arka.am/en/news/economy/Parliament_abolishes_tax_on_expensive_cars_in_arme nia/#sthash.ndHbPOZN.dpuf
From: Baghdasarian
YEREVAN, April 30. /ARKA/. Armenia's National Assembly passed in the
first reading the bill envisaging abolition of tax on expensive cars
at its session Wednesday.
The bill is authored by the ruling Republican Party of Armenia.
Non-coalition factions ` Prosperous Armenia, Dashnaktsutiun, Armenian
National Congress, Heritage and Orinats Yerkir ` said they would not
participate in the vote. The ruling party announced a 20-minute break
and passed the law with 67 votes of its members afterwards. One
abstained from voting.
The amendment relates to cars costing more than 25 million drams or
cars not older than 2 years and with motor capacity of 4,500 cubic
centimeters and above.
Yesterday, the head of parliament commission for economic issues
Vardan Ayvazyan said budget receipts reduced by about 3 billion drams
after the tax was introduced. It was expected receipts from excise tax
would increase instead, he said.
`There is another reason expensive cars should be temporarily exempt
from excise tax. We are joining the Eurasian Economic Area in 2015 and
accept the unified tax on cars. They are already high, so let people
who want to import expensive cars do that before then', Ayvazyan said.
($1=413.10drams). `0--
- See more at: http://arka.am/en/news/economy/Parliament_abolishes_tax_on_expensive_cars_in_arme nia/#sthash.ndHbPOZN.dpuf
From: Baghdasarian