YEREVAN. - The new Tax Code will not accelerate the depreciation deductions from the profit tax base of technological acquisition.  

Deputy Chairman of the State Revenue Committee (SRC) Vakhtang Mirumyan said the aforementioned, introducing the new draft Tax Code in the Armenian Parliament Thursday.

The reconsideration of the depreciation deductions relates exclusively to the buildings, he noted.

Referring to the industrial premises, new technologies and computing equipment, Mirumyan said that there will be no reconsideration here.

The business representatives had raised the issue of accelerating the deductions for the reduction of the profit tax and more frequent upgrading of the technological means.