Tue, 10 June
21.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

In 2025, income tax refund will not exceed 100 billion drams – SRC head

YEREVAN, June 9. /ARKA/. In 2025, the income tax refund will amount to 100 billion drams – approximately 95 billion drams, said Chairman of the State Revenue Committee of Armenia Eduard Hakobyan.

“Next year, the threshold of 100 billion drams will be exceeded. After 2026, a slowdown will begin,” he said on Monday in parliament during the discussion of the report on the implementation of the RA state budget for 2024.

Hakobyan also said that in 2024 this figure exceeded 68 billion drams.

According to the head of the SRC, in 2025-2026, the rate of income tax refund will continue to grow, mainly through mortgages.

According to the legislative amendments, the income tax refund under the mortgage lending program has been discontinued for loans received after January 1, 2025, if the property is located or is being built within the administrative borders of Yerevan.

From January 1, 2027, the income tax refund for mortgage loans will no longer apply if the real estate was purchased in the Aragatsotn, Ararat, Armavir or Kotayk regions of Armenia.

From 2029, the system will also cease to operate in other regions, except for the list of border communities established by the government.

Currently, the maximum income tax refund amount for covering mortgage interest in Armenia is 1.5 million drams. ($1 – 383.46 drams) -0-

spot_img

POPULAR

Dollar and ruble exchange rates against Armenian dram rose, while euro fell

The average market exchange rate of the US dollar to the Armenian dram, as of April 2, 2025, rose by 0.06 points compared to April 1, reaching 391.16 drams.

US dollar slightly down  against dram

The average market exchange rate of the U.S. dollar to the Armenian dram on May 7, 2025, decreased by 0.18 points compared to May 6 and amounted to 389.28 drams.

Euro and ruble exchange rates to the Armenian dram fell, the dollar rose

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian currency market as of June 6, 2025, increased by 0.06 points compared to June 5 and amounted to 383.46 drams.

Mechanism to stimulate cashless payments to be developed in Armenia

On Friday, the Armenian government held a meeting on issues related to stimulating cashless payments in the country.

Acba Bank contributed to the construction of a modern sports ground in Goris

In the “Haghtanak” park of Goris, a sports ground that meets modern standards was built in cooperation with Acba Bank, the Hayastan All-Armenian Fund and the Goris City Hall, the bank’s press service reported.

LATEST NEWS

spot_imgspot_imgspot_img