ArmInfo.Payments of refunds on the VAT line for January- August 2018 increased by 52%. The head of the department for writing off and refunding taxes of the Committee of State Revenues (SRC) of Armenia Arman Mirzoyan told journalists on September 19.
In particular, according to him, for 8 months of 2018, 56.550.0mln AMD was contributed to the single account of taxpayers due to transactions with zero VAT versus 37.115.0mln AMD for the same period of 2017.
This opportunity, as Mirzoyan recalled, was paid to all payers of VAT from the second half of 2017. This, he said, creates favorable conditions for doing business, especially small and medium-sized businesses.
In addition, during the reporting period, the tax and customs committee returned 3.2 billion AMD as part of the mortgage loan repayment program due to income tax to almost 2,000 beneficiaries. In the meantime, as Mirzoyan pointed out, during the whole of 2017 the figure was 2.4 microdrams of AMD, and the number of beneficiaries of the system also increased. The program of state actions to mortgage borrowers, involving the return of income tax to compensate interest on mortgages, has been in force in Armenia since 2015. From 1 January 2018, interest is not compensated for a transaction exceeding 55 million drams. This possibility cannot be used also if the person or co-borrower purchases a second apartment under this program.
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