Armenian parliament rejects opposition bill proposing lower income taxes

13:37 • 15.01.18



The National Assembly on Monday voted down a bill proposing lower rates for the monthly income taxes paid by legal entities. 


The measure was initiated by the opposition Tsarukyan alliance as an amendment to the recently adopted Tax Code.

 

In a speech after the voting, a member of the parliamentary faction, Naira Zohrabyan, expressed their team's discontent with political majority’s position, blaming the Republican Party of Armenia for the continuing price hike on the country's markets. “Yes, the responsibility for today’s disgraceful price hike rests with you. Is that how you work to provide a fundamental solution to the existing problems?” she said, addressing the lawmakers of the governing political force.  

 

The members of the political team, led by the Prosperous Armenia party's leader Gagik Tsarukyan, proposed reducing the income tax deductions from monthly salaries from 23% to 21% (for individuals receiving monthly up to AMD 150,000  or approx USD 300) or 28% to 26% (for those receiving above AMD 150,000) starting from January 1.

Nelly Lazaryan





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