12.06.2018 14:49
YEREVAN, June 12. /ARKA/. At their extraordinary meeting held Monday, the Armenian Cabinet ministers gave their approval to amendments to the tax law, which allow banks in Armenia to forgive the fines and penalties imposed on the citizens for delay in loan repayment.
“These amendments apply only to those individuals whose loans had been recognized unrecoverable before May 31,” Finance Minister Atom Janjughazyan said Monday presenting the law.
Banks are allowed not to pay profit tax from such lifted fines and penalties, while before they had to pay this tax regardless of whether the fine was paid or not.
Categories: Banks @en, General news, News, News of the hour, Новости | Comments Off on Armenian banks allowed forgiving borrowers’ debt repayment delay
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