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LAW OF THE REPUBLIC OF ARMENIA

of December 17, 2024 No. ZR-498

About the state support in the field of high technologies

Accepted by National Assembly of the Republic of Armenia on December 4, 2024

Article 1. Subject of regulation of the law

1. This law establishes the basic principles of the state support in the field of high technologies and governs the relations connected with forming and functioning of system of the state support in this area.

Article 2. The legislation on the state support in the field of high technologies

1. The legislation on the state support of the sphere of high technologies consists of this Law, the Civil code of the Republic of Armenia and other legal acts.

2. If international treaties of the Republic of Armenia establish other regulations, than those which are provided by this Law then are applied regulations of international treaties.

Article 3. The basic concepts used in the law

1. In this Law the following basic concepts are used:

1) high technologies - set of new opportunities, information, knowledge, experience, appliances allocated for development, creation, production of competitive products in economy which cornerstone scientific and technical innovations, including information technologies are;

2) information technologies - based on computers, in particular the software, service or management information systems, and also all types of the technologies used for creation, transformation, storage, protection, processing, transfer and safe extraction of information in all formats including data, images (mobile, stationary);

3) platform is autonomous program system by means of which the corresponding applications are submitted and provision of the state support will be organized;

4) the hired worker-person, performing work according to the employment or civil contract;

5) the organization or the individual entrepreneur in the field of high technologies - the legal entity or the individual resident entrepreneur of the Republic of Armenia whose of all types of activity declared in tax calculations of the value added tax and/or receipts tax, at least 90% of turnover on realization for the accounting period of rendering the state support were created from types of activity in the field of high technologies. The qualifiers of types of economic activity declared by the calculations (report) specified in this Item are taken as basis for determination of types of activity in the field of high technologies;

6) authorized body - the authorized body developing and realizing state policy in the field of high technologies, informatizations, information technologies and innovations;

7) the state support amount provided to the organizations or individual entrepreneurs of the sphere of high technologies or other subjects from the government budget of the Republic of Armenia according to parts 4 and 5 of article 5 of this Law;

8) professional work - professional work of the personnel which are engaged in the professions included in the list established by the Government;

9) the labor migrant - the foreign citizen or hired employee which does not have nationality and having legitimate labor right in the Republic of Armenia, performing professional work. Person with double citizenship having citizenship of the Republic of Armenia in sense of this law is not considered the labor migrant;

10) the new employee - the hired employee which for the first time came to the sphere of high technologies and performing professional work;

11) the reporting period - the accounting period of provision of the state support calculated on quarters.

Article 4. Principles and purposes of the state support of the sector of high technologies

1. The state support of the high-technology sector is performed on the basis of cooperation of the state and private sector, and also the principles of publicity.

2. The purpose of the state support in the field of high technologies is development of high technologies:

1) Increase in competitiveness;

2) attraction of new labor power;

3) permanent advanced training of employees;

4) strengthening of line items of the country as exporter of products.

Article 5. Implementation of the state support in the field of high technologies

1. The types of activity which are subject to the state support in the field of high technologies according to qualifiers of economic activity, are established by the Government.

2. The state support of the organizations or individual entrepreneurs of the sphere of high technologies (further also - business entity) or other subjects is provided by this Law. Other directions of support can be established by the Tax code of the Republic of Armenia and other legal acts.

3. Authorized body, considering priorities of development of the sphere of high technologies, can develop and submit other procedures of support for approval of the government.

4. The state support to the business entities who are engaged in the activities determined by the qualifiers of economic activity which are subject to the state support, established by the government is provided:

1) for labor migrants who perform professional work and are considered as hired employees of this business entity. The state support established by this Item is provided to business entity in the amount of 60 percent from the income tax amount from the salary of the labor migrant and other payments or the compensation estimated under the civil agreement equated to it;

2) for involvement of new employees. The state support established by this Item is provided to business entity in the amount of 60 percent from the income tax amount, the new worker charged on the salary and other payments equated to it or on compensation under the civil agreement;

3) For the preparation and retraining of personnel performing professional work (further - retraining), necessary for implementation of the activities determined by the qualifiers of economic activity which are subject to the state support, established by the government. The state support established by this Item is provided to business entity in the amount of 50 percent from the income tax amount, estimated in the accounting period in the area of the salary and other payments of the hired employee which is performing professional work, underwent retraining, or compensations under the civil agreement equated to it.

5. Assistance in the amount of 60 percent from the amount of its salary and other payments equated to it or the income tax estimated through compensation under the civil agreement is provided to the labor migrant working on hiring in the business entities who are engaged in the activities determined by the qualifiers of the economic activity which is subject to the state support, established by the government.

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