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Extension of VAT Exemption for Electric Car Imports in Armenia Boosts Growth in 2023

  • Preferential conditions for importing and selling electric cars in Armenia extended for another year
  • Exemption from VAT for electric vehicles in Armenia extended until January 1, 2025
  • Deputy Minister of Economy announced the extension during debates on amendments to the Tax Code
  • Import of electric cars to Armenia has increased due to exemption from VAT and customs duties
  • 2,681 electric cars were imported to Armenia in 2022, a 42.3% increase from 2021
  • From January to November 2023, imports of electric cars from third countries doubled compared to the same period in 2022

Source: news.am

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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