LAW OF THE REPUBLIC OF ARMENIA

of February 24, 2016 No. ZR-28

About entering of amendment and changes into the Law of the Republic of Armenia "About the receipts tax"

Accepted by National Assembly of the Republic of Armenia on February 4, 2016

Article 1. In article 7 of the Law of the Republic of Armenia ZR-236 of December 19, 2012 "About the receipts tax":

To add 1) with part 1.2 following of content:

"1.2. The rate established by part of 1 this Article for calculation of the receipts tax as regards the income received from trading activity (purchase and sale), and the procedure established by part 1.1 of this Article do not extend to income gained from realization of secondary raw materials during the accounting period as regards which the receipts tax on income gained from trading activity (purchase and sale) is calculated 1.5 percent to leviable object, and for the accounting periods from July 1, 2015 to December 31, at the rate of 1 percent. In sense of this Article, the list of secondary raw materials establishes the Government of the Republic of Armenia.",

Words of part 3 "parts 1 and 1.1" shall be replaced with words 2) "parts 1, 1.1 and 1.2".

Article 2. This Law becomes effective for the tenth day after official publication, extends to the relations which arose since July 1, 2015 and is effective till December 31, 2018 inclusive.

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