Armenia

Resident taxpayers are liable to pay tax in respect of any income received or credited in Armenia or abroad during the reporting period, except for items specifically exempted from tax under the law.

The following items are treated as income (not exhaustive):

• Salaries and wages.
• Income from business activity.
• Income from alienation of property.
• Interest income.
• Payments and other compensation received from a lease.
• Royalties.