Armenia might abolish luxury taxes

Currently, Armenia is considering the possibility of abolishing “luxury taxes” introduced two years ago.

According to these taxes, luxurious cars, which costs 60,000 USD or more, are taxed by 20% more than ordinary products.

However, this issue might become a matter of controversy and hot debates in the parliament of Armenia.

There are different ways Armenian citizens register luxury cars in Armenia.

As soon as Armenia enters the Customs Union, the duty clearance for introducing the cars in the country will be extremely high and in fact, it will only be possible to buy Russian cars.