This month, the Armenian parliament gave the green light to a government project to increase property taxes.
Prime Minister Nikol Pashinyan, who came to power as a result of the “Velvet Revolution” in 2018, characterised the introduction of a progressive property tax as one of the most important economic reforms in Armenia.
“Last year we were criticised for violating the principles of social justice by introducing a flat income tax. We then said that we would solve the issue with reforms, with a progressive property tax,” Pashinyan said.