Fri, 25 July
28.1 C
Yerevan
USD: 383.74 RUB: 4.93 EUR: 450.05 GEL: 141.25 GBP: 521.81

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

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

Viva Armenia CJSC bonds listed on Armenia Stock Exchange

The Armenia Stock Exchange (AMX) is pleased to welcome another major company to the capital market. Viva Armenia CJSC’s USD-denominated bonds will be listed on the Armenia Stock Exchange starting from 15 July.

In Armenia, bad loans worth over $1 million have been written off under the state support program – Ministry of Social Affairs

14,757 applications for writing off bad loans have been received in Armenia within the framework of the relevant state support program, which started on February 1, 2025.

Armenia and EIB sign financial agreement for Resilient Syunik Program worth €50 million

A financial agreement for the Armenia-Sustainable Syunik Program has been signed in Luxembourg by Armenian Minister of Finance Vahe Hovhannisyan and Vice President of the European Investment Bank (EIB) Teresa Czerwińska.

LATEST NEWS

spot_imgspot_imgspot_img