Sun, 5 October
11.1 C
Yerevan
USD: 382.76 RUB: 4.67 EUR: 449.25 GEL: 140.62 GBP: 514.85

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

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.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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

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

LATEST NEWS

spot_imgspot_imgspot_img