Tax exemption on private bond earnings may be extended

PanARMENIAN.Net - The Armenian Parliament introduced a tax exemption for income earned from private corporate bonds in 2020. Originally set to expire on December 31, 2024, MP Babken Tunyan has proposed extending the exemption for an additional three years.

The issue was discussed in the Standing Committee on Economic Affairs.

Deputy Chairman of the committee, Babken Tunyan, explained that private bond earnings would remain tax-free for three more years, applying to transactions starting from January 1, 2025. The proposal has a retroactive and beneficial nature.

The government supports the initiative. Deputy Minister of Finance Arman Poghosyan stated that certain provisions will be reviewed between the first and second readings. He emphasized that the measure aims to improve investment predictability while ensuring uniform taxation across financial instruments.

Tunyan noted that industry representatives have made various suggestions, which will be discussed in working meetings, with necessary adjustments expected before the second reading.

The committee has issued a positive conclusion on the proposal.