Yerevan/Mediamax/. The Armenian government wrote off about AMD 43bln tax debts in the agricultural sector today.

Prime Minister Tigran Sargsyan said this during the governmental session today, Mediamax reports.

The government approved the package of draft laws on amending laws “On Lack of Funds for Property and Land Tax” and making changes in laws “On Laws”, “On Land Law”, “On Property Law” according to which people who are to pay land and property taxes can be exempted from the unpaid taxes for property and land as well as calculated penalties within certain period of time and to some extent.

“It’s a very important legislative initiative put forward by the Republican Party parliamentary faction. During our visits to regions, the rural inhabitants have always raised this question adding the argument that the years of crisis also cause serious difficulties in fulfilling their tax commitments. Supporting the initiative, the state writes off about AMD 43bln tax debts in the agricultural sector. I suppose it will have a considerable potential for boosting economic growth as well since the tax load for the agricultural sector will substantially reduce”, said Tigran Sargsyan.