Quick Tax Rates and Dates: Under the Armenian Law Updated April 2024
Quick Tax Rates and Dates Under the Armenian
Law Updated April 2024
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TAX |
STANDARD[1]RATE |
PAYMENT/REPORTING DUE DATE |
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1
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Corporate income tax (CIT) |
18 % |
CIT return due date.
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20 April
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CIT final payment due date |
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CIT estimated payment due date.
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20th day of last month of each quarter
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2
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Personal income tax (PIT) |
20 % |
PIT return due date |
For monthly income tax returns: 20th day of the month following the reporting period.
For annual income tax returns: 1 May – for submission by individuals 20 April – for submission by tax agents |
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PIT final payment due date |
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PIT estimated payment due date |
20th day of the month following the reporting month
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3 |
Value-added tax (VAT) |
20 % |
VAT payment due date |
20th day of the month following the reporting month
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[1] This note offers a general overview of the RA tax system, providing a basic rate established by law without specifying exceptions.
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4 |
Withholding Tax (WHT)
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Resident Company |
Resident Individual/Non-Resident Company/Non-Resident Individual |
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Dividends |
0 % |
5 % |
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Interest |
0 % |
10 % |
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Royalties |
0 % |
10 % |
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5
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Capital Gains Tax (CGT) |
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Corporate capital gains |
Calculated as the CIT rate |
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Individual capital[1]gains |
10 [2] % |
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20 [3] % |
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6 |
Net wealth/worth tax
|
Non applicable |
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7 |
Inheritance and gift tax rates |
Non applicable
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[1] Applied to the total sales proceed.
[2] If a property is sold by an individual to a company.
[3] If a property is sold for business purposes or acquired by a developer.
The information provided serves as a broad overview. In our forthcoming client notes, we'll delve deeper into the intricacies of tax types. Stay tuned for our upcoming articles, where we'll guide you towards informed decision-making regarding taxation under Armenian law.
NOTE: This material is for general information only and is not intended to provide legal advice. This material is as of April, 2024 and we are not responsible for any updates that take place after the above mentioned date.
Shushan Vardanyan
Senior associate, attorney-at-law
