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Armenia Individual - Taxes on personal income

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Individuals are classified into two categories for personal income tax purposes:

  • Residents are liable for tax on their worldwide income.
  • Non-residents are liable for tax only on their Armenian-source income.

Unified Income Tax rates

Income from royalties and interest (if not exempt) is subject to 10% tax. If paid by a tax agent (i.e. legal entity, individual entrepreneur), tax should be withheld at source.

Income from lease of property is subject to 10% tax. If the income from lease exceeds AMD 58.35 million during the tax year, the individual should pay 10% income tax in addition to the tax withheld by the tax agent.

The income from the sale of property is taxed at 10% or 20% (depending on the type of property and whether sold to a tax agent or individual). The sale of non-entrepreneurial property to individuals is exempt from tax.

Dividends received by foreigners are subject to 10% income tax (from dividends on the income generated after 1 January 2017), and dividends received by Armenian citizens are subject to 5% income tax (from dividends on the income generated after 1 January 2018).

The tax withheld from the dividends is subject to refund if the dividend received from a resident entity is invested in the capital of the same resident entity during the same tax year.

Other income paid by a tax agent is subject to final withholding on a monthly basis. The taxable base is the gross income minus deductible income.

Taxable base (AMD) Unified Income Tax rate
Over Not over
0 150,000 23%
150,001 2,000,000 AMD 34,500 + 28% of the amount in excess of AMD 150,000
2,000,001   AMD 552,500 + 36% of the amount in excess of AMD 2,000,000


Last Reviewed - 25 July 2019

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Hasmik Harutyunyan Title = Hasmik Harutyunyan width=55px
Hasmik HarutyunyanManager, Tax and Legal Services Leader for Armenia+374 10 512 166
Michael Ahern Title = Michael Ahern width=55px
Michael AhernTax Partner+7 727 330 3200
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