Armenia restricts income tax refund program on mortgagesAugust 12, 2021 - 18:13 AMT PanARMENIAN.Net - The Armenian government decided on Thursday, August 12 to restrict the income tax return program on mortgages. The limitations will take effect from July 1, 2022. From this moment on, the income tax will not be refunded in the 1st zone of Yerevan (the city center), from January 1, 2023, the 2nd zone will be left out, from July 1, 2023 - the 3rd zone, and from January 1, 2025 - the whole city. The program has been benefiting homeowners for 5 years. In the past two years, the number of its beneficiaries has increased dramatically, reaching a total of 17,000 as of now. Weighing in on the sustainable and equal development of the provinces, Prime Minister Nikol Pashinyan noted that in some Armenian settlements no residential buildings have been built in the past 30 years. Pashinyan said in April that young families in the provinces of Armenia will be able to receive mortgage support for up to 70% of the cost. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Russia clarifying reports on Baku’s alleged arms supply to Ukraine Russia says is carefully working to verify reports about alleged arms supplies from Azerbaijan to Ukraine Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. CSTO: Armenia has not participated in secretariat’s work recently Recently Armenia has not participated in the work of the secretariat of the CSTO, Imangali Tasmagambetov said. Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. |