Today, on 22 April, at the special sitting of the National Assembly, the Deputy of the National Assembly Babken Tunyan presented the draft law “On Making Amendments to the Tax Code of the Republic of Armenia.”
The draft proposes to supplement Part 2 of Article 121 of the Tax Code of the Republic of Armenia of 4 October, 2016 with point 3, noting that after the law enters into force on 31 December, 2020, it will be imported or acquired by organizations (under construction, developing), the minimum depreciation period of fixed assets, or the share of depreciation deductions by years, shall be determined at the discretion of the resident profit taxpayer, but not less than one year by means of a report submitted for each year.”
Details in the video
