Amendments to the Tax Code: Limitations on Income Tax Refunds for Mortgage Interest

Starting January 1, 2025, an amendment to the Tax Code will come into effect, limiting the refund of interest on mortgage loans to a maximum of 750,000 AMD per quarter. From 2027 and 2029, restrictions will be lifted for properties located in certain regions, excluding border settlements. The law aims to promote housing construction in border and designated settlements.