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On March 16, at the sitting the RA NA Standing Committee on Economic Affairs debated in the first reading the draft law on Making Amendments and Addenda to the RA Tax Code authored by the NA deputy Gevorg Papoyan.

Gevorg Papoyan proposed to set that in all regulating cases the preliminary cost of the building is defined by less than 80% of the tax basis for the real estate tax.

At the same time, it is proposed to use the same approach of the offset of the other tax types: Value Added Tax (VAT) and the excise tax, without taking consideration the fact of the being paid to the suppliers, which would essentially facilitate also the order of accounting the ecological tax sum subject to budget payment.

The RA Deputy Minister of Finance Arman Poghosyan has noted that the amendments being proposed by the draft law are acceptable for the Government. The executive body only presented recommendations of editorial character, which were accepted by the author.

The draft law was endorsed.