Economy

Mortgage Tax Rebates in 2025: Application Window Opens January 15

Announcement

The State Revenue Committee (SRC) of Armenia has announced the availability of its electronic services following a brief period of maintenance.

The SRC stated that, as of 5:00 PM on January 3rd, the following electronic systems became accessible: the SRC reporting system, the unified electronic services system for individuals, and the My Tax mobile application for taxi services. These platforms facilitate interactions between citizens and the tax authorities, including submitting tax returns and managing individual tax accounts. The SRC also stated that the information portal for individual accounts is available. However, the submission of applications for income tax rebates related to mortgage interest payments will begin on January 15th.

This difference in dates means that while other tax-related services are accessible from January 3rd, individuals seeking to apply for mortgage interest tax rebates must wait until January 15th. The SRC announcement did not provide an explanation for this difference in timing.

The mortgage tax rebate mechanism allows taxpayers to reclaim a portion of the income tax paid on mortgage interest. The timing of the application window is relevant for citizens planning their finances.

The SRC announcement provides a specific date for the start of application submissions but does not include further details regarding the application process. Information regarding eligibility criteria, required documentation, or processing timeframes was not included in the announcement.

This situation raises a question: What are the specific reasons for the difference in availability dates for various SRC online services, and are there any changes of procedures for applying for the mortgage interest tax rebate? Further clarification from the SRC would be beneficial for the public.

Source: SRC of the Republic of Armenia, Announcement, January 3, 2025.

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