Monday, April 13 2020 15:36

MP suggests introducing amendments to the Tax Code regarding  depreciation

MP suggests introducing amendments to the Tax Code regarding  depreciation

ArmInfo. MP of the  parliamentary faction Babken Tunyan turned through Facebook to entrepreneurs who plan to carry out investment projects.

I inform you that I introduced a draft law on introducing amendments  to the Tax Code, which will allow depreciation deductions not to be  established by December 31, 2020, but to determine them at my own  discretion (at least for a year).

Thus, an accelerated depreciation  instrument will be temporarily introduced, which will become an  additional incentive for investors, prompting them to transfer  investments for a shorter period. I also note that this tool of  accelerated depreciation in crisis situations has been used in  different countries and in different periods.

Today also, in the anti-crisis packages stipulated by the situation with coronavirus,  some countries are applying it , wrote Tunyan, urging also to send  the comments and opinions regarding this initiative to  [email protected].

The project and its justifications can be found at  http://www.parliament.am/drafts.php?sel=showdraft&DraftID=57516&fbclid =Iw