The National Assembly adopted in the first reading the package of the bill "On Making Amendments and Addenda to the RA Tax Code".

By doing so, banks are offered the opportunity to pay fines and penalties of individuals on hopeless loans without tax implications.

The next amendment suggests that for the people who have sold two or more of the same type of property in a year and have been charged with paying VAT, they are allowed to pay only the principal amount of the tax within 90 days after the adoption of the law and to get rid of the accumulated fines and penalties , which often exceed the principal amount.

Additionally, it is possible to provide a statement on taxpayers' submission to the tax authority before August 20 by the public catering sector. If they do not present, they will have VAT tax and will act in the high tax burden field.

In the same package, it was proposed to revise the burden of environmental tax in the case of import of passenger cars and to switch from the model taking into account the engine capacity only to the model taking into account the year of the car.

"The tax burden for vehicles with a year of release for the last three years will drop by about 4 times. The burden of the environmental tax on the rest of the vehicles will be twice as small as today.

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