{"id":151867,"date":"2023-11-23T10:48:35","date_gmt":"2023-11-23T10:48:35","guid":{"rendered":"https:\/\/armbanks.am\/2023\/11\/23\/251214\/"},"modified":"2024-12-15T13:53:01","modified_gmt":"2024-12-15T13:53:01","slug":"armenia-decides-to-curtail-income-tax-refund-program-on-mortgage-loans","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2023\/11\/23\/151867\/","title":{"rendered":"Armenia\u00a0decides to curtail income tax refund program on mortgage loans"},"content":{"rendered":"\n<p><strong>YEREVAN, November 23. \/ARKA\/. <\/strong>The Armenian government approved today a decision on gradual abolition of a scheme that allows mortgage borrowers to repay the loan\u00a0interest\u00a0at the expense of their income tax.\u00a0<\/p>\n\n\n\n<p>According to the decision, the scheme will not apply to mortgage loans to be issued after January 1, 2027 in Aragatsotn, Ararat, Armavir and Kotayk regions bordering the capital Yerevan.<\/p>\n\n\n\n<p>From January 1, 2029 the scheme will cease to operate in the remaining regions of the country, except for the border settlements.&nbsp;&nbsp;<\/p>\n\n\n\n<p>From January 1, 2025 the amount of income tax refund to borrowers or co-borrowers cannot exceed 750 thousand drams per quarter, down from the current 1.5 million.<\/p>\n\n\n\n<p>The scheme has been effective since 2018.&nbsp;&nbsp;The cost of a house should not be more than 55 million drams.-0- ($1 &#8211; $402.99 dram) &#8211;0&#8211;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Armenian government approved today a decision on gradual abolition of a scheme that allows mortgage borrowers to repay the loan\u00a0interest\u00a0at the expense of their income tax<\/p>\n","protected":false},"author":1,"featured_media":164355,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[],"class_list":{"0":"post-151867","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/151867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=151867"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/151867\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/164355"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=151867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=151867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=151867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}