Pursuant to Article 13 of the RA Law on Taxes, the tax legislation may determine the following types of tax privileges:
– reduction of the object of taxation;
– reduction of the tax rate;
– reduction of a tax;
– deferment of tax calculation;
– deferment of tax payment;
– exemption, reduction, deferred payment of fines and penalties established by the tax legislation, accrued for the violation of the tax legislation and other legal acts regulating tax relations in the Republic of Armenia;
– deferment of penalties and other financial sanctions imposed by a bank or lending organization for failure to perform or inadequate performance of tax liabilities during the period, when the RA Central Bank freezes (declares a moratorium for) the claims of a bank’s or lending organization’s creditors.
In cases and according to the procedure established by the tax legislation, the amount of the paid (exacted) tax shall be compensated to the taxpayers.
Tax privileges shall be determined by the Law, unless otherwise provided by the Laws on certain types of taxes.
In case of cessation or change of the tax privilege in effect, the procedure on its application shall be established in respect of the taxpayers using such privilege.
