YEREVAN, DECEMBER 16, ARMENPRESS. The Armenian parliament approved the extension by another year of the tax privileges for IT startups.

Privileges include 0% profit tax and only 10% revenue tax.

Vice Speaker of Parliament Hakob Arshakyan said that as a result of this law hundreds of new companies entered the high-tech sector of Armenia.

From 2015 to November 8 of 2022 over 2300 tech startups received tax privileges.