YEREVAN, May 10. /ARKA/. In April 2022, the Armenian government refunded 4.5 billion drams in income taxes to 1,964 mortgage borrowers, the State Revenue Committee (SRC) said.

Under a government-designed scheme, such borrowers are eligible to use their income taxes to pay the loan interests.

According to the State Revenue Committee, in January-March 2022, the number of mortgage borrowers eligible to the scheme stood at 18,847, while the refunded amount was 7.5 billion drams. In the same period last year, 13,877 mortgage borrowers were refunded 4.5 billion drams of income tax.

The SRC said the growth of the figures was facilitated by the launch of the electronic platform of income tax refunds for mortgage interest repayment and the increase in the number of borrowers.

The scheme sets a limit on the cost of housing purchased from the primary real estate market in the amount of AMD 55 million and a limit on the VAT refund of no more than 1.5 million per quarter. ($1 - 474.38 drams). --0--