I have put into circulation a draft law on amendments to the Tax Code. Babken Tunyan

by times news cr

2024-10-08 06:35:52

I want to inform you that I have put into circulation a draft of the law on making an amendment to the Tax Code, which will enable the expense entries (depreciation deductions) for investments made before December 31, 2020 to be made not within the specified minimum periods, but to be decided at one’s own discretion (at least in one year ). Babken Tunyan, deputy of the NA “My Step” faction, wrote about this on his Facebook page. The full post is below.

“In other words, an accelerated amortization tool is temporarily introduced, which will be an additional incentive for investors and will be of interest to postpone the implementation of investments to a closer period.
I should also mention that this instrument of accelerated depreciation was used in crisis situations at different times in different countries. Even today, some countries use it in anti-crisis packages due to the coronavirus.
I will be glad to hear your opinions and observations. However, please email them to me at: [email protected]:

You can get acquainted with the project and justifications at this link.”

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