It's necessary to collect real estate tax from legal entities in Armenia not once but twice a year - semiannually, said Vache Terteryan, Deputy Minister of Territorial Administration and Infrastructure of the Republic. His remarks came during the discussion of the bill on making amendments to the Tax Code at the session of the National Assembly.
According to him today private individuals and businesses pay taxes mostly at the end of the year. That is, in November-December
"We have decided not to change terms for citizens. However, for businesses, payments will be divided in two. Thus, municipal budgets, during the year, will be able to be filled much more evenly," Terteryan explained.
He also mentioned that there are 260 thousand round payments of estate tax per year. Most of them, about 220,000, are already paid electronically, mostly through terminals, as well as through mobile applications.