LAW OF THE REPUBLIC OF ARMENIA

of April 12, 2001 No. ZR-162

About privileges on the land tax

Article 1. Payment procedure of the overdue tax liabilities on the land tax

1. The payment due date of the land tax for 1994-1999 for the lands of agricultural purpose which are in the administrative territory of municipalities according to the decision of local government board can be postponed until December 31, 2005 according to the schedule established by local government board (further the schedule).

2. The organizer of payments - the head of municipality before decision making for the purpose of receipt of data on the tax liabilities of payers of the land tax for 1994-1999 in writing addresses to territorial tax authority. The last after receipt of the statement submits within 10-day term to the organizer of payments claimed data.

3. The local government board based on these data makes the decision on establishment of the schedule covering 2001-2005 fiscal years. At the same time the amount paid for every year can be established in the following sizes of the land tax estimated and unpaid for 1994-1999:

a) until the end of 2001 - 10 percent;

b) until the end of 2002 - 30 percent;

c) until the end of 2003 - 50 percent;

d) until the end of 2004 - 75 percent;

e) until the end of 2005 - 100 percent.

4. The local government board in three-months time after the introduction of this Law in force approves the schedule, and also represents it to the governor and to territorial tax authority.

5. According to this schedule taxpayers in proportion to the amounts of the paid tax are exempted from the penalty fee added for its failure to pay in the terms established by the legislation.

6. The amount of the penalty fee added by the legislation and paid to the introduction of this Law to force on the land tax, unpaid for 1994-1999 is set off on account of the current or forthcoming payments on the land tax and the property tax of objects of the taxpayers who are in the territory of the same municipality.

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