  Bill aims to improve leasing, rental tax policy July 1, 2025 - 16:36 AMT PanARMENIAN.Net - The National Assembly’s Economic Affairs Committee has given a positive opinion on a legislative initiative aimed at improving the tax environment for car rental and leasing services. The draft law, authored by MP Babken Tunyan, proposes amendments to Armenia’s Tax Code and addresses tax challenges that arose from regulations adopted two years ago affecting companies providing rental and leasing services for vehicles. The goal of the initiative is to eliminate those hurdles, according to 1lurer.am . One key proposal is to remove the profit tax margin currently applied to such services. While the finalized version of the bill states that the law would take effect on July 1, a one-month postponement is now being proposed.   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. |
