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ARKA News Agency, Armenia
Dec 28 2007
Land and property to become subject to universal tax on property in
2010
YEREVAN, December 28. /ARKA/. Land and property will become subject
to universal tax on property in 2010, Armenian State Real state
Cadastre Chairman Manuk Vardanyan said Friday at a press conference.
`In 2010 property tax and land tax will be replaced by the universal
tax on real estate. It means land and real estate on it will be
considered as unified property complex', he said.
Vardanyan thinks that such unification solves many problems of
citizens and specialists.
He also pointed out that land cost has certain quota in property tax.
`The universal tax introduction in the country won't take major
professional expenses. Property tax introduction concept has already
worked out and sent to government for approval', he said.
Vardanyan said that universal base for land and property taxes have
been worked out in 2007 and intended for 2008/2010.
He said this move is very important for financing community budgets,
whose 90% are formed from land and property taxes.
AMD 12.2 billion was paid to state budget in 2007 as land and
property taxes. ($1 = AMD 304.22). M.V. --0--
Dec 28 2007
Land and property to become subject to universal tax on property in
2010
YEREVAN, December 28. /ARKA/. Land and property will become subject
to universal tax on property in 2010, Armenian State Real state
Cadastre Chairman Manuk Vardanyan said Friday at a press conference.
`In 2010 property tax and land tax will be replaced by the universal
tax on real estate. It means land and real estate on it will be
considered as unified property complex', he said.
Vardanyan thinks that such unification solves many problems of
citizens and specialists.
He also pointed out that land cost has certain quota in property tax.
`The universal tax introduction in the country won't take major
professional expenses. Property tax introduction concept has already
worked out and sent to government for approval', he said.
Vardanyan said that universal base for land and property taxes have
been worked out in 2007 and intended for 2008/2010.
He said this move is very important for financing community budgets,
whose 90% are formed from land and property taxes.
AMD 12.2 billion was paid to state budget in 2007 as land and
property taxes. ($1 = AMD 304.22). M.V. --0--