On tax deductions in connection with force majeure circumstances and the procedure for determining the initial value of an asset and documenting costs

Dear Colleagues, According to the RA Government Decree, the procedure, amounts, terms, and procedures for determining the initial value of the asset and documenting the expenses were determined by force majeure circumstances arising from emergency and unavoidable circumstances under the circumstances. The mentioned procedure applies to permanent establishments registered in the Republic of Armenia in accordance with the Tax Code of the Republic of Armenia, the activities of the registered founders of which are suspended, terminated, or become impossible. To use the tax exemptions defined by the provision, the permanent establishment submits a written application to the tax authority for each period of use of the exemption until June 30, 2024. To find out more details and get a consultation, you can contact us at 093 12 30 08.