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At June 3 NA extraordinary sitting, the draft law on Making Amendments and Addenda to the RA Tax Code was debated in the first reading. As the Deputy Minister of Finance Arman Poghosyan has informed, the goal is the formation of the tax environment predictable and possibly free from indefinite situations. The draft law proposes to set that as taxation base for the GDP concerning the real estate realization alienation and the taxation by the profit tax not the approximated market price of the real estate property, but its 80% is accepted.

Gevorg Papoyan presented the endorsement of the NA Standing Committee on Economic Affairs in his co-report. According to him, the proposals can regulate not only the tax environment, but can have positive influence on the prices of the newly-built apartments for the consumer’s benefit.