Last reviewed - 14 December 2023

Armenia is located between Asia and Europe and occupies a land area of 29,800 square kilometres, bordered by Turkey to the west, Georgia to the north, Azerbaijan to the east, and Iran to the south.

Armenia declared independence on 21 September 1991, following the dissolution of the Soviet Union. Armenia is made up of 11 provinces, with Yerevan as the capital, and has a presidential republic form of government. The official language is Armenian, although Russian is also widely used. The currency of Armenia is the dram (AMD).

Major industry sectors in Armenia are mining, information technology, construction, and electricity. The government has made improvements in tax and customs administration in recent years, and Armenia joined the World Trade Organization (WTO) in January 2003. Its gross domestic product (GDP) was 13.9 billion United States dollars (USD) in 2021.

PwC Armenia provides quality products and services while responding to the complex business issues companies face in the marketplace. Effective tax planning is vital for the growth and development of any organisation. In Armenia, where the tax and legal system is complex and subject to constant revision, professional advice is even more of a necessity to achieve success. PwC Armenia advises international companies based upon Armenian tax legislation and its interrelationship with national and international laws and treaties.

Quick rates and dates

Corporate income tax (CIT) rates
Headline CIT rate (%)


Corporate income tax (CIT) due dates
CIT return due date

20 April

CIT final payment due date

20 April

CIT estimated payment due dates

20th day of last month of each quarter.

Personal income tax (PIT) rates
Headline PIT rate (%)


Personal income tax (PIT) due dates
PIT return due date

For monthly income tax returns: 20th day of the month following the reporting period.

For annual income tax returns: 20 April

PIT final payment due date

For monthly income tax returns: 20th day of the month following the reporting period.

For annual income tax returns: 20 April

PIT estimated payment due dates

20th day of the month following the month when the income was received.

Value-added tax (VAT) rates
Standard VAT rate (%)


Withholding tax (WHT) rates
WHT rates (%) (Dividends/Interest/Royalties)

Resident: NA;

Non-resident: 5 / 10 / 10

Capital gains tax (CGT) rates
Headline corporate capital gains tax rate (%)

Capital gains are subject to the normal CIT rate.

Headline individual capital gains tax rate (%)

10 or 20 (depending on the type of property and whether sold to a tax agent or individual)

Net wealth/worth tax rates
Headline net wealth/worth tax rate (%)


Inheritance and gift tax rates
Headline inheritance tax rate (%)


Headline gift tax rate (%)


NA stands for Not Applicable (i.e. the territory does not have the indicated tax or requirement)

NP stands for Not Provided (i.e. the information is not currently provided in this chart)

All information in this chart is up to date as of the 'Last reviewed' date on the corresponding territory Overview page. This chart has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this chart, and, to the extent permitted by law, PwC does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.