Armenian MPs are discussing the intention to increase real estate tax 3-4 times.

According to Deputy finance minister Arman Poghosyan, with the bill presented, the Armenian government envisages raising the real estate tax, as well as establishing a property tax, the value of which is estimated at less than AMD 3 million. 

His remarks came at the parliament's sitting during the discussion of the bill on amendments and additions to the Tax Code.

According to him, the purpose of the bill is to adequately tax 'visible wealth' or property. 

He also noted it will ensure the effective fulfillment of the state redistribution function.