Wed, 29 October
10.1 C
Yerevan
USD: 382.62 RUB: 4.79 EUR: 445.68 GEL: 140.96 GBP: 505.75

Armenia’s parliament approves in final reading a bill exempting non-residents income earned from investing in Armenian government foreign-currency denominated bonds

YEREVAN, September 10. / ARKA /. Armenia’s parliament has approved today in the second and final reading a bill, exempting non-residents’ income earned from investing in the Armenian government foreign-currency denominated bonds from income tax.

According to a deputy finance minister Suren Karayan , who presented the bill, the decision is aimed at encouraging investments of non-residents in the Armenian Eurobonds.

“The problem is that under the current legislation the income of non-residents who invest in bonds are subject to a ten percent tax. When this applied to residents of countries with which Armenia does not have an agreement, their income are double taxed,” he said.

Karayan said all the countries which begin issuing foreign currency-denominated bonds exempt non-residents from this type of tax to encourage investments.

The Armenian government approved August 8 signing of agreements with Deutsche Bank AG, HSBC Bank plc and JPMorgan Securities plc which will act as underwriters of the eurobonds. In May the government approved the first issue of $500 million worth Eurobonds with a maturity period of 10 years. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

LATEST NEWS

spot_imgspot_imgspot_img