LAW OF THE REPUBLIC OF ARMENIA

of December 30, 2008 No. ZR-247

About patent payments

Accepted by National Assembly of the Republic of Armenia on December 26, 2008

Article 1. Subject of regulation of the Law

This Law governs the relations connected with calculation and payment of patent payment, the circle of payers, the size and payment procedure of patent payment establishes.

Article 2. Concept of patent payment

The patent payment is the obligatory and non-paid payment replacing the income tax and the value added tax from the physical persons performing the activities provided by this Law paid to the government budget in sizes and the terms established by this Law.

Article 3. Suspension of tax benefits

1. For payers of patent payment regarding the relations regulated by this Law the tax benefits established by the tax legislation on the income tax and the value added tax stop, and also deductions from gross income in case of determination of the leviable income are not considered.

Article 4. Payers of patent payment

1. In the Republic of Armenia the physical persons who are not individual entrepreneurs submitted to the terms established by this Law and procedure the statement declaration in tax authorities in the place of their accounting (residence, activities implementation) and answering to the conditions established by parts 2 and 3 of this Article, that is the types of activity performing only logging into the Application which is considered as integral part of this Law are considered as payers of patent payment.

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