LAW OF THE REPUBLIC OF ARMENIA

of December 22, 2012 No. ZR-229

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 December 5, 2012

Article 1. In article 7 of the Law of the Republic of Armenia ZR-155 of September 30, 1997 "About the income tax" (further – the Law):

To remove 1) from the subitem "l" of Item 2 ", and also the subsidies provided from the government budget in connection with application of the rates approved by the state or authorized body in accordance with the established procedure"

To add 2) with item 4 of the following content:

"4. Due to the application of the rates approved by the state or authorized body in accordance with the established procedure in case of the subsidies provided from the government budget, the income of the taxpayer is determined as a result of application of the specified rates, in the amount of the total amount of subjects to obtaining from buyers (consumers) of the amounts (sales proceeds) and the subsidies (sales proceeds) which are actually received from the government budget.".

Article 2. To remove words from the third paragraph of article 8 of the Law", and also in connection with application of the rates approved by the state or authorized body in accordance with the established procedure the subsidies provided by the state".

Article 3. This Law becomes effective since January 1, 2013.

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