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LAW OF THE REPUBLIC OF ARMENIA

of December 14, 2022 No. ZR-454

About modification and amendments in the Tax code of the Republic of Armenia

Accepted by National Assembly of the Republic of Armenia on November 24, 2022

Article 1. From Item 1 of part 5 of article 62 of the Tax Code of the Republic of Armenia of October 4, 2016 (further – the Code) words", and in case of obtaining as a result of conversion of raw materials of the new goods which are subject to excise tax liability according to Section 5 of the Code the base of VAT liability joins also the amount of the excise tax for these goods estimated according to the procedure, established by Section 5 of the Code" to exclude.

Article 2. Regarding the 2nd article 89 of the Code:

Item 1 after the words "delivery of goods" to add 1) with words ", and also delivery of the goods which are subject to excise tax liability, received as a result of conversion of the raw materials imported into the Republic of Armenia on customs procedure "Conversion on customs area", and exported from the territory of the Republic of Armenia on customs procedure "Re-export"";

Item 2 after words "the goods having the status of goods of EEU" to add 2) with words "(including the goods having the status of goods of the EEU made or calibrated in the territory of the Republic of Armenia from raw materials, this by the nonresident organization which does not have permanent organization, or the physical nonresident person who does not have permanent organization under the agreements signed with them)".

Article 3. In article 101 of the Code:

1) regarding 2 words", and also" to replace with the word "or";

To add 2) with part 3 following of content:

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