STARTING FROM JANUARY 1, 2008, MINIMUM MONTHLY SALARY AND
MINIMUM NON-TAXABLE INCOME TO BE FIXED AT 25 THOUSAND DRAMS IN
ARMENIA
11-10-2007 20:00:00 | Armenia | Economy
YEREVAN, OCTOBER 11, NOYAN TAPAN. At the October 11 special
session, the RA National Assembly passed in first reading the
bill on amendments to the Law on Minimum Monthly Salary. The
government in particular proposes that in accordance with the RA
State Program on Medium-Term Expenditures for 2008-2010,
starting from January 1, 2008, the minimum monthly salary be
fixed at 25 thousand drams (about 73.5 USD) instead of the
current minimum salary of 20 thousand drams.
In connection with this, the bill on an amendment to the
Law on Income Tax was passed in first reading, under which the
minimum non-taxable income has been fixed at 25 thousand drams.