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business overview : corporate taxation : individual taxation : VAT : excise tax : property tax : land tax : withholding tax
PROPERTY TAX
Object of Taxation and Taxable Base
Property tax applies to individuals, legal persons and enterprises without the status of a legal person who own property in the territory of the RA with the exemption of budgetary institutions, Central Bank and local government bodies. The following items are taxable:
- dwelling buildings, houses, flats, cottages, garages;
- motor vehicles;
- means of water transport.
The
value of a building is considered as the taxable base. The engine power
(horsepower or kilowatt-power) is determined as the taxable base of the
transport means.
Rates
Property tax for buildings are calculated at following annual rates:
a)
public and industrial buildings owned by legal entities- 0.6
%;
b)
garages and cottages owned by individuals - 0.2%;
c)
other dwelling buildings
| Taxable base (AMD) | Tax rate (%) | Plus Additional fixed amount (AMD) |
| 0-3,000,000 | 0 | 0 |
| 3,000,000-10,000,000 | 0,1 | 100 |
| 10,000,000-20,000,000 | 0,2 | 7,100 |
| 20,000,000-30,000,000 | 0,4 | 27,100 |
| 30,000,000-40,000,000 | 0,6 | 67,100 |
| 40,000,000 upwards | 0,8 | 127,100 |
Property
tax for motor transport means is calculated at the following annual rates:
a) passenger
automobiles having up to 10 seats:
- 200 AMD/horsepower, if taxable base is less than 120 horsepower;
- 400 AMD/horsepower, if taxable base is from 120 to 250 horsepower;
- 500 AMD/horsepower, if taxable base is more than 250 horsepower.
b) passenger automobiles having 10 or more seats and trucks:
- 100AMD/horsepower,
if taxable base is less than 200 horsepower;
- 200
AMD/horsepower, if taxable base is 200 or more horsepower.
100%
of property tax is applied for the motor vehicles, produced up to three
years ago. For each additional year the property tax is reduced by 10%
of the tax amount, but not to exceed 50% of the tax amount.
Returns and Payments
Legal
persons shall submit quarterly property tax calculations to the Tax Inspectorate
till 25th of the month directly following the reporting quarter, and annual
calculations - till February 25th of the year directly following the reporting
year. Legal persons must pay property tax within 5 days following the
terms for submission of quarterly and annual reports. Individuals shall
submit property tax calculations before October 1st and pay before December
1st of the reporting year.