Tuesday, January 16 2024 16:52

ArmInfo. Nothing will change for RA citizens who have already taken a mortgage loan within the  framework of the income tax refund program. MP from the ruling Civil Contract party Babken Tunyan wrote on his Facebook page.

According to him, nothing will change for citizens who already have a  mortgage loan and have joined the income tax refund program; they  will continue to receive income tax back for the entire duration of  the loan agreement.

Today at the plenary session of the National Assembly of the Republic  of Armenia, amendments to the Tax Code were adopted, according to  which beneficiaries of the program who attracted mortgage loans for  apartments in buildings, the construction permit for which was issued  after January 1, 2022, will receive income tax only until 2025. In a  number of cases, the state may terminate the income tax refund  agreement with buyers of apartments in Yerevan ahead of schedule.

As Deputy Minister of Finance of the Republic of Armenia Arman  Poghosyan stated yesterday in parliament, it is proposed to set that  the return system of the income tax will not be applicable from  January 1, 2027, if the property is in Aragatsotn, Ararat, Armavir  and Kotayk marzes, adjacent to the city of Yerevan, as well as after  January 1, 2029, if the property is in other marzes, except the real  estate being or constructing in the border settlements included in  the list approved by the Government. It is designed by the draft law  exception for the border settlements, the list of which is  established by the Government decision.