Wed, 30 July
32.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

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

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.

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.

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

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.

LATEST NEWS

spot_imgspot_imgspot_img