According to the Armenian Law on Alienation of Property for Public and State Needs, financial obligations arising from the transfer of property, in particular tax liabilities, shall be compensated by the acquirer. Furthermore, alienation of property in the interest of the public shall not cause unreasonable harm to the owner. Based on the foregoing, the Court of Cassation came to the conclusion that the compensation to be paid for expropriation of property shall not be taxed with VAT (Court of Cassation EKD/2028/02/10), nor profit tax (Court of Cassation VD/2575/05/09).
I can only speak very highly of the wonderful lawyers I met with here. Hasmik and Luiza made the whole process of applying for a residence permit very simple, smooth and straightforward. I may need assistance at some point in the future to apply for a permit for one of my employees. I highly recommend this firm. Thank you very much.
