YEREVAN. – The National Assembly (NA) of Armenia on Wednesday passed the bill on making amendments to the Law on Excise Tax.

Sixty-seven MPs voted for the bill, whereas one deputy abstained from voting.  

Prior to the voting, however, the non-pro-government Prosperous Armenia as well as the opposition Armenian National Congress, ARF Dashnaktsutyun, Heritage, and Orinats Yerkir (Rule of Law) NA Factions stated that they will not participate in the vote.   

Pursuant to the aforementioned amendments, the luxury tax—that is, the excise tax that is levied for vehicles—is planned to be revoked.