Eco tax on cars to be reduced in Armenia
The Armenian government has decided to halve the environmental tax on vehicles registered in Armenia.
A new Tax Code has entered into force in Armenia which significantly increases the tax burden for car owners. In response to this, the government decided to amend the environmental taxes on vehicles. According to Atom Janjughazyan, the Minister of Finance of Armenia, the changes will make this sphere more transparent:
“The draft proposes to link the amount of environmental tax to the year of production and engine power of each vehicle, which, in our opinion, is more transparent and acceptable and will not become too burdensome.”
However, the minister stressed that in some cases, a general tax increase is possible:
“We’re [mainly] talking about cars with high engine power. For their owners, the burden may increase.”