More Communities To Be Able To Maku Use of Environmental Fees

More Communities To Be Able To Maku Use of Environmental Fees

From now on, the environmental contributions of any enterprise that has a negative impact on the environment can be directed to the implementation of environmental programs in the affected communities. On July 15, 2021, RA Government approved the decision approving the selection criteria for other companies defined by RA Law on Targeted Use of Environmental Tax Paid by Companies.

If previously a law amendment was required to include a new company in the above-mentioned law, under this decision, RA Environment Ministry will compile a list of companies other than those included in the law, whose environmental fees can be directed to the implementation of environmental programs in affected communities.

Those companies will be selected, which pay environmental taxes in particular for the emission of harmful substances into the air from immovable sources, leakage of harmful substances into water resources and soil management, production and consumption wastes laid down RA Tax Code, the sum of the tax calculated in at least one part of the calculated amounts in the two years preceding the given year is not less than 2,000,000 AMD. It should be noted that the decision will enter into force on the day following its official publication and will apply to legal relations arising after January 1, 2022.

July 20, 2021 at 18:06