HERE AND BEYOND
Announcement
Media Room

Dear Client, 

 

Please be informed that the income tax of 10% that was being paid from the coupon income on the bonds of individuals will no longer be withheld starting from March 1. The bond-holders will receive the gross amount of the coupon payment without any tax withholdings. 

According to the legislative amendments effective from March 1, 2020, the tax benefit will apply to those bonds issued by the banks that have maturity of two and more years. Please note that the maturities of all the bonds issued by Ameriabank and currently listed on the Armenian Securities Exchange were above 2 years at placement date. Thus, as a result of tax relief, Ameriabank bonds, all other things being equal, have become more profitable financial instruments.

We expect this amendment in Tax Code to catalyze further development of the capital markets in Armenia. 

 

Sincerely,

Ameriabank

Updated 20.02.2020, 15:12
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