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Armenian parliament revokes partial compensation for mortgage interest

06.10.2021 14:08

Armenian parliament revokes partial compensation for mortgage interest

YEREVAN, October 6. /ARKA/. By a vote of 59 to 22 the Armenian parliament has passed today in the first reading an amendment to the Tax Code, which revokes a provision of the law that allows citizens to use their individual income tax to pay off interests on their mortgage loans, making them actually interest free. 

If approved in the second and final reading the amended law would apply in the first stage to the capital Yerevan.

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