LAW OF THE REPUBLIC OF ARMENIA

of December 8, 2012 No. ZR-208

About modification and amendments in the Law of the Republic of Armenia "About the income tax"

Accepted by National Assembly of the Republic of Armenia on November 12, 2012

Article 1. Parts 1 and 2 of Article 4, article 5 of the Law of the Republic of Armenia "About the income tax" of December 22, 2010, ZR-246-N (further - the Law), after the words "subject to obtaining", "subject to obtaining", "subject to obtaining", "subject to obtaining" to add respectively with words "-to offsetting (income gained within civil agreements – regarding passive incomes, and also the income of the physical persons who are not individual entrepreneurs or notaries),", "-to offsetting (income gained within civil agreements – regarding passive incomes, and also the income of the physical persons who are not individual entrepreneurs or notaries),".

Article 2. To add article 5 of the Law with part 5 of the following content:

"5. The income from sale apartment (including multipurpose) buildings, the subdivided building, the aloof territory (without the non-residential territories which are common ownership), in case of sale by physical person builder of individual apartment houses in residential quarters or complexes of buildings either apartments in them or other territories to other physical persons is estimated in the amount of, at least the cost determined for them in the procedure established by the law for the purpose of taxation on property.".

Article 3. Regarding 1 article 6 of the Law:

1) in Items 1, of 2, of 9, of 10, of 16, of 18, and the 29th word "paid", "paid" to replace respectively with words "paid" and "paid";

The word "made" to replace 2) in Items 3 and 5 with the word "made";

The word "issued" to replace 3) in Items 8 and 15 with the word "issued";

4) in Items 4, of 6, of 11, of 13, of the 17 and 20 word "subjects to obtaining", "subject to obtaining" to replace respectively with the word "received" and "received";

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