ArmInfo. The Armenian authorities are planning to extend the tax breaks for private companies issuing their bonds. The issue was discussed at a meeting of the RA National Assembly Committee on Economic Issues on February 5.
According to the author of the initiative, Deputy Chairman of the NA Committee on Economic Issues Babken Tunyan, amendments were made to the Tax Code in 2020, according to which private companies issuing their bonds were exempt from paying income tax. This practice has been used for government securities for a long time.
The purpose of the bill was to activate the securities market. Largely due to the innovation, over the past four years, there has been a more than noticeable development of this market. On December 31, 2024, as Babken Tunyan noted, the tax breaks expired, and following negotiations with the country's Ministry of Finance, a decision was made to extend the preferential regime for another three years. The bill will be applied retroactively - from January 1 of this year. Thus, bonds issued over three years (up to and including 2027) will not be subject to income tax.
As for benefits for long-term corporate bonds with a maturity of 10 years or more, Tunyan noted that this issue will be further discussed with the country's government.
Following the discussions, it was decided to postpone the discussion of the bill for up to two months.
