ORDER OF THE GOVERNMENT OF THE REPUBLIC OF ARMENIA

of April 2, 2019 No. 293-N

About establishment of procedure for write-off of costs on overburden works for cost of the extracted mineral

Accepted the Government of the Republic of Armenia on March 29, 2019

Assuming as a basis Item 7 of part 1 of article 121 of the Tax Code of the Republic of Armenia, the Government of the Republic of Armenia decides:

1. Establish procedure for write-off of costs on overburden works for cost of the extracted mineral according to appendix.

2. This Resolution becomes effective next day after its official publication and extends to the "arisen" relations arising after January 1, 2018.

Appendix

to the Order of the Government of the Republic of Armenia of March 29, 2019 No. 293-N

Procedure for write-off of costs on overburden works for cost of the extracted mineral

1. General provisions

1. This Procedure governs the relations connected with write-off of costs on overburden works for cost of the extracted mineral according to Item 7 of part 1 of article 121 of the Tax Code of the Republic of Armenia (further - the Code).

2. In sense of application of this Procedure:

1) each project of production proved by the legal act is object of separate accounting;

2) the below-stated concepts make the following sense and value:

and. vskrysha - removal of dead rocks (overburden breeds) of pit of the mineral operated by open method for receipt of access to mineral inventories;

. asset as regards vskrysha at stage of mountain and capital works - the overburden works which are carried out to the period of construction of pit (prior to operation of pit);

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