Armenia extends tax privilege law for IT startups

 15:25,

YEREVAN, DECEMBER 22, ARMENPRESS. The Armenian government will continue granting revenue tax privileges to IT startups.

A bill on extending the privileges until December 31, 2024 was adopted by parliament with 67 votes in favor and 25 abstentions on Friday at the first reading. 

The current law envisaged tax privileges (0% profit tax and 10% revenue tax) for IT startups. The new law will abolish the profit tax privilege but keep the 10% revenue tax regulation.