Monday, December 9 2019 11:13
Alexandr Avanesov

Armenian Parliament agreed to apply exemptions in the form of an "air  tax" exception

Armenian Parliament agreed to apply exemptions in the form of an "air  tax" exception

ArmInfo. On December 9, the Parliament of Armenia, in the second and final reading, amended the law "On State Duty", which will allow the exemption in the form of an  exception to the "air tax" to extend to new air routes from Armenia.

According to the chairman of the Civil Aviation Committee of the  Republic of Armenia Tatevik Revazyan, the benefits will be provided  to the airline for a period of three years with the right to prolong  it for another two years if it starts to operate flights on a new  route. If another airline appears on the market that declares its  intention to operate flights in the same direction, the period of  privilege from 3 years will be reduced to 2.5 years. Thus, Tatevik  Revazyan continued, the government sets itself the task of attracting  new air carriers to the Armenian market that will operate flights on  new routes. At the same time, the volume of budgetary deductions will  not only not decrease, but also increase due to an increase in the  frequency of flights. In addition, the application of tax incentives  will improve the competitive environment and reduce the possibility  of the emergence of termination risks, which are estimated at less  than 5%.

As previously noted by the Minister of Territorial Administration and  Infrastructures Suren Papikyan, today the revenues from the "air tax"  to the state budget are annually about 11-12 billion drams. However,  there is reason to believe that the provision of benefits for this  type of tax will have a positive effect, especially given that this  will facilitate the opening of new areas and stimulate existing ones.  In addition, due to the multiplier effect, the state budget will  receive additional revenues. According to the minister, the draft law  applies to all airlines that will begin implementing flights to new  destinations in which no flights have been flown from Armenia over  the past 12 months. "This will create a competitive atmosphere,"  Suren Papikyan pointed out.

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