ArmInfo.Import of electric motor vehicles to Armenia will be exempted from VAT payments. Amendments to the Tax Code were made at the May 10 sitting of the National Assembly of the Republic of Armenia in the first reading.
According to the Minister of Nature Protection of the Republic of Armenia Erik Grigoryan, the government of the country proposes to introduce these privileges by January 1, 2022. However, this initiative does not apply to cars with hybrid engines. "The goal of this initiative is environmental, it is aimed at reducing the level of environmental pollution", stressed the minister. According to him, the use of electric vehicles in the world is growing rapidly due to their diversity and comparative environmental safety.
Grigoryan noted that in Armenia, unlike in other European countries, the import of electric machines is very limited. In the same neighboring Georgia, according to the minister, the number of electric vehicles is much higher. "In Georgia, the number of such vehicles exceeds 4,000 and they are exempted from all types of taxes. Also, the government has made all gas stations for these cars free to encourage the use of electric cars. In Armenia, no more than 20-30 electric vehicles were imported in recent years. The adoption of this draft has both environmental, and economic, and social significance ", the Minister concluded.
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