Property tax to be raised before elections: RA Deputy PM

The Government will introduce new approaches on property tax prior to the elections, to be held in the April of the forthcoming year. Vache Gabrielyan, RA Deputy PM, Minister of International Economic Integration and Reforms, told reporters, replying to the question of 168.am why luxury tax wasn’t implemented on real estate, which would bring mansions of the wealthy to the legal field, which are also associated with illegal enrichment.

“The term luxury isn’t clear, it’s not definite what is luxury, and what is not. Currently we work on property tax and we will introduce it in the forthcoming months. It refers to the raising of the tax,” the Deputy PM said.

By Gayane Khachatryan