ArmeniaAmeria |
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"First on the list for local work with an international dimensions" |
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Chambers Global |
9, G. Lusavorich Str. 0015
Yerevan
Tel: +374 (10) 561-111
Fax: +374 (10) 513-133
| Corporate income taxation | |
|---|---|
| Corporate Tax | 20% |
| Dividends (residents) | 0% |
Capital gains (residents) Taxed at general rate |
20% |
Deduction of Interests |
Deductible |
| Thin Capitalization Rules | N/A |
| Depreciation | Linear |
| Transfer Pricing Rules | N/A |
| Loss carried forward Loss carried backward |
5 years N/A |
| Fiscal unity/Tax consolidation | N/A |
| Withholding taxation | |
| Withholding tax rate for dividends | 10% |
| Interests, royalties | 10% |
| Capital gains from real estate/real estate companies | 10% |
Double Tax Treaty Network (about 30 DTTs): reduction /elimination of WTH taxation |
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| Personal Income tax | |
Rates
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10% |
| Tax rate for Dividends (residents and non-residents) | 0% |
Personal exemption (for residents) Non-residents do not have any personal exemption |
AMD 32,500 (EUR 62) |
| Inheritance tax | N/A |
| Real Estate Transfer Taxes / Duty | N/A |
| Value Added Tax | |
Standard rate Not applicable for small businesses: individual entrepreneurs and companies under special (simplified) tax regime and/or according to company shares (shareholders) and if annual net revenue < AMD 58,333,333 (approx. EUR 110,000) |
20% |
| PROPERTY TAXATION | |
| Corporations (average annual fixed assets’ value) | max. 1.0 % |
Individuals: residential property |
max. 1.0 % |
| Additional tax on Land | max. 1.0 % |
| SEVERANCE TAX | |
On extracted minerals: gas, oil, metals, carbons etc. |
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| Excises | |
On alcohol, tobacco, petroleum |
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| Social Security Contributions | |
| Employee flat rate | 3% |
| Employer rate | Up to 15% (depends on size of income) |
| Incentives for Investors | |
Cluster principle (mostly): temporary tax reductions/exemptions |
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| Special (simplified) tax regime | |
| Available for small businesses / individual entrepreneurs with annual net revenue < AMD 58,333,333 (approx. EUR 110,000) | No VAT |
| Advance (binding) tax rulings | N/A |