Property tax fines imposed by mistake to be nullified 

ArmInfo. Fines and penalties for property tax assessed due to errors by state and local  authorities of Armenia will be reset to zero. The National Assembly  of the Republic of Armenia adopted amendments to the Tax Code of the  Republic of Armenia in the second and final reading at the plenary  session on January 21. 

As the head of the Cadastre Committee Suren Tovmasyan noted in his  speech, since 2021, all information on real estate has been  integrated into a single information base, on the basis of which the  calculation of real estate tax assessment is made. However, only now  have the authorities drawn attention to the numerous shortcomings in  the information base, on the basis of which citizens were assessed  lower tax rates, which led to fines and penalties. Now it is proposed  to establish a provision according to which, if errors occurred in  calculating fines and penalties due to problems in the information  base, all fines and penalties will be reset to zero. This provision  will apply to all errors from 2021. After the law comes into force, a  recalculation will be made and accrued for future payments.