  Top 500 property taxpayers contribute AMD 3.3 billion in 2024 June 5, 2025 - 14:34 AMT PanARMENIAN.Net - Armenia's Cadastre Committee reports that the 500 largest property taxpayers contributed AMD 3.324 billion in property taxes in 2024, a significant increase from AMD 1.662 billion in 2021. This growth is attributed to reforms aligning cadastral valuations with market values and implementing a unified territorial zoning system. The new taxation framework, effective since January 1, 2021, calculates property taxes based on updated cadastral values reflecting market prices. A phased implementation plan was introduced, with taxpayers paying 25% of the new rates in 2021, increasing annually to reach 100% by 2026. Projections indicate that property tax revenues from these top taxpayers will reach AMD 4.985 billion in 2025, reflecting the ongoing impact of the reforms.   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 |  Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesTurkey replacing term "Central Asia" with "Turkestan" in textbooks The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks.Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats. |
