Armenia Might Abolish Luxury Taxes

ARMENIA MIGHT ABOLISH LUXURY TAXES

The Messenger, Georgia
May 7 2014

By Messenger Staff
Wednesday, May 7
Currently, Armenia is considering the possibility of abolishing
“luxury taxes” introduced two years ago.

According to these taxes, luxurious cars, which costs 60,000 USD or
more, are taxed by 20% more than ordinary products.

However, this issue might become a matter of controversy and hot
debates in the parliament of Armenia.

There are different ways Armenian citizens register luxury cars
in Armenia.

As soon as Armenia enters the Customs Union, the duty clearance for
introducing the cars in the country will be extremely high and in fact,
it will only be possible to buy Russian cars.

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