Pursuant to Article 6 of the RA Law on “Value Added Tax”, property transactions (operations) are subject to the VAT taxation. This transaction is carried out by means of transferring the ownership of the goods to another as any kind of compensation.
The transactions carried out by a physical person are considered to be property in the following cases: the alienation of building (constructions, lands with the social and productive importance) and the alienation of the same type property during 1 calendar year for the 2nd and more time.
