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LAW OF THE REPUBLIC OF ARMENIA

of June 3, 2004 No. ZR-75

About provision of tax benefits to Federal Agency on management of federal property of the Russian Federation

Accepted by National Assembly of the Republic of Armenia on May 11, 2004

Article 1. Exempt Federal agency on management of federal property of the Russian Federation from the value added tax in the amount of the dram equivalent 6, of million US dollars (calculated on the rate established by the Central bank of the Republic of Armenia at the time of implementation of the transaction), which resulted from the transaction on investment in the authorized capital of the legal entity of the property complex of the Hrazdan hydroelectric power station based on the territory of the Republic of Armenia which is property of the Russian Federation.
Article 2. This Law becomes effective next day after its official publication.

President of the Republic of Armenia

R. Kocharyan

 

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