Armenia hikes tax on diamond & gold!

The Minister of Economic Development and Investments of RA Tigran Khachatryan informed that Armenian government has decided to consistently increase the tax on imported gold and diamonds from the non-EAEU countries. This year, the tax on imports of gold and diamonds will increase by 3%.

" a 3% duty will be applied to imports of diamond and gold products. In 2020, the duty will reach 6%, and in 2021 it will go up 10% for gold and 9% for diamonds, in 2022 it will rise by 15%," says Khachatryan.

Armenia increases tax on imports of gold and diamonds from non-EAEU countries, according to the Minister, an income tax increase will strengthen the position of local business.

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