Some 36bln drams of personal income tax refunded to 29,000 mortgage borrowers in 2022

YEREVAN, January 23. /ARKA/. Some 36bln drams of personal income tax were refunded to 29,000 mortgage borrowers in Armenia in 2022, the State Revenue Committee said in a report on its performance in 2022.

The number of beneficiaries of this government-backed scheme has increased dramatically in recent years from only 2,400 in 2017. The personal income tax rate has dropped to 20% starting from January 1, 2023 from 21% in 2022.

Under the government-designed scheme mortgage borrowers are eligible to use their personal income tax to repay mortgage interests.

The limit on the cost of housing purchased under the scheme from the primary real estate market is 55 million drams, while the  limit on the refund amount  is no more than 1.5 million drams per quarter.($1 – 396.66 AMD) –0–.

spot_img

POPULAR

Armenian authorities expect capital market value to double to 1.3 trillion drams by 2031 – Pashinyan

The capital market in Armenia is projected to grow from 664 billion drams in 2025 to 1.3 trillion drams by 2031, as stated by Prime Minister Nikol Pashinyan while unveiling the election platform of the Civil Contract party.

In February, Armenia’s net inflow of non-commercial money transfers grew moderately after a jump in January – WB

In February, net non-commercial money transfers to Armenia grew by 5.2 percent (yoy), following a 44 percent (yoy) surge in January, according to World Bank's Armenia Monthly Economic Update – April 2026 .

Unibank will provide refunds to bona fide business clients

In light of the decision of the Central Bank of the Republic of Armenia dated April 2, 2026, to reduce risk coefficients for applications from micro, small, and medium-sized enterprises when calculating credit risk, Unibank is reviewing and improving its lending terms.

Armenian banks’ net profit in Q1 2026 increased by 2.3% to AMD 103.5 billion

The total net profit (after tax) of Armenian banks in Q1 2026 amounted to AMD 103.48 billion, compared to AMD 101.18 billion in Q1 2025, an increase of 2.27%. Moreover, compared to the previous quarter, Q4 2025, the increase was 5.84%.

Ranking of most profitable banks in Armenia based on results of first quarter of 2026

ARKA News Agency has published a ranking of the most profitable banks in Armenia based on the results of the first quarter of 2026.

LATEST NEWS

spot_imgspot_imgspot_img