Monday, September 9 2024 11:56
Naira Badalian

1,115 electric cars can be imported to Armenia at preferential  tariffs by 2024 end 

1,115 electric cars can be imported to Armenia at preferential  tariffs by 2024 end 

ArmInfo.In the period from January to August 2024 and from September 1 to 8, 2024, 6,285  electric vehicles have already been registered at zero customs duty. By the end of the year, another 1,115 vehicles may be imported to Armenia at a preferential tariff.

The State Revenue Committee of the Republic of Armenia reminded that  by the decision of the Council of the Eurasian Economic Commission  dated November 24, 2023, No. 134 and the resolution of the Government  of the Republic of Armenia dated December 28, 2023, a quota for 2024  for electric vehicles classified under the HS code 8703 80 000 2 was  set at 7,400 vehicles with a preferential import customs duty of 0%.  This means that for the registration of each subsequent electric  vehicle exceeding the above quota, in accordance with the general  rules of the EAEU in 2024, an import customs duty rate of 15% will be  applied.

At the same time, the State Revenue Committee noted that, according  to the legislation, this tariff quota cannot be used in the case of  filing a preliminary customs declaration for a vehicle that has not  yet been imported to Armenia.

The State Revenue Committee also reminds that for 2025, the quota is  set at 8,000 electric vehicles (for vehicles with an electric engine  under code 8703 80 000 2). In order to use the quota, it will be  necessary to submit and register a customs declaration or customs  order for vehicles imported to the Republic of Armenia, starting from  01.01.2025.

At the same time, according to the Tax Code of the Republic of  Armenia, the VAT exemption on the import of electric vehicles, for  which there are no quantitative restrictions, will continue to be in  effect until 01.01.2026.