Quick Tax Rates and Dates: Under the Armenian Law Updated April 2024

Quick Tax Rates and Dates Under the Armenian 

Law Updated April 2024

 

 

 

TAX

 

STANDARD[1]RATE

 

PAYMENT/REPORTING DUE DATE

 

 

 

 

1

 

 

 

 

 

 

 

Corporate income tax

(CIT)

 

 

 

18 %

 

CIT return due date.

 

 

20 April

 

 

CIT final payment due date

 

CIT estimated payment due date.

 

 

20th day of last month of each quarter

 

 

 

 

 

 

2

 

 

 

 

 

 

 

 

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

 

 

PIT final payment due date

 

PIT estimated payment due date

 

20th day of the month following the reporting month

 

 

 

3

 

Value-added tax (VAT)

 

20 %

 

VAT payment due date

 

20th day of the month following the reporting month

 

 

[1] This note offers a general overview of the RA tax system, providing a basic rate established by law without specifying exceptions.

 

 

 

 

 

 

 

 

4

 

Withholding Tax

(WHT)

 

 

Resident Company

Resident Individual/Non-Resident Company/Non-Resident Individual

 

Dividends

 

0 %

 

5 %

 

Interest

 

0 %

 

10 %

 

Royalties

 

0 %

 

10 %

 

 

 

 

 

 

5

 

 

 

 

 

Capital Gains Tax

(CGT)

 

Corporate capital gains

 

Calculated as the CIT rate

 

 

Individual capital[1]gains

 

10 [2] %

 

20 [3] %

     

6

 

Net wealth/worth tax

 

 

Non applicable

     

7

 

Inheritance and gift tax rates

 

Non applicable

 

 

[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

[email protected]

 

shushanvardanyan