ArmInfo. Armenia intends to expand the list of excisable goods, also raising the excise rates on cigarettes and alcohol-containing products, as well as revise the taxation of gambling and emissions of pollutants into the atmosphere. The Ministry of Finance of Armenia on the single portal of legal acts e-draft.am submits the draft amendments ''On Amendments and Additions to the Tax Code of the Republic of Armenia''.
In order to compensate tax losses of the budget as a result of lowering the income tax and income tax, the Ministry of Finance proposes to increase the rates of excise tax on tobacco products and alcohol from July 1, 2019. It is also planned to increase the minimum price for vodka and ethyl alcohol - from the current 2500 drams per 1 liter of 100% alcohol to 6 thousand drams.
From July 1, 2019, the project proposes to expand the list of excisable goods, including drinks with a sugar content of 5g or more per 100 g of product, increase the excise rate on beer, and from January 1, 2020, review the environmental tax rate for emissions of pollutants into the car's atmosphere with an engine power of 301 horsepower and more - instead of the current 50 drams for 1l.s, set 150 drams. From January 1, 2020, Armenia plans to completely abandon the patent tax system with the transition to a system of general taxation.
From January 1, 2020, it is also proposed to revise the taxation of the organization and conduct of gambling (including games on the Internet), sweepstakes (Internet sweepstakes. In particular, it is envisaged to tax the gambling business more equitable tax - in the general tax field. The government also plans to revise principles of taxation of gains in the framework of this activity, establishing that personal incomes are subject to income tax, and the obligation to calculate and calculate income tax bears the organization gambling as a tax agent.
To note, earlier the Ministry of Finance of Armenia stated that as a result of various tax breaks, the annual tax cuts of the state treasury are estimated at 442 billion drams, and the expected losses of the budget as a result of reducing income tax are estimated at 45-48 billion drams.