Government approves VAT exemption for imports of new cars

The Government of Armenia has approved a bill on granting VAT exemption to importing companies for the imports of up to 4-year old vehicles from January 1, 2020.

The law will be in force until December 31, 2020 if passed in parliament.

The move aims at encouraging the import of vehicles which have lower omissions and to mitigate the effect of new rates that will come into force as part of the EEU customs rates.