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Armenia - Overview and introduction

Tax TIES: Armenia - Overview and introduction

Taxation of international executives


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Residents are taxed on their worldwide income. Non-residents are taxed only on their Armenian-sourced income.

Tax rates vary according to the amount of income. The top income tax rate is 36 percent.

The official currency of Armenia is the Armenian Drams (AMD).

According to the RA Law “On compensation for fallen or damaged servicemen during the defines of the Republic of Armenia” RA resident individuals who work on the RA territory or outside the RA territory and non RA residents who work on the RA territory shall pay to the state budget a stamp fee of AMD1,000 for each month starting 1 January 2017. The stamp fee is withheld by employer/tax agent on a monthly basis from their employees’ salaries and transferred to the specified bank account.

Herein, the host country/territory refers to the country/territory to which the employee is assigned. The home country/territory refers to the country/territory where the assignee lives when they are not on assignment.

© 2020 KPMG Armenia LLC, a company incorporated under the Laws of the Republic of Armenia, a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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