VATupdate

Extension VAT exemption for electric vehicles until Jan 1, 2024

The Armenian government has greenlighted amendments to the Tax Code, which will create favorable conditions to promote the acquisition and use of electric vehicles in the country, to reinforce the results already achieved and reduce air pollution.

The draft envisages the extension of the VAT exemption defined by law for another two years, until January 1, 2024.

Source armradio

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