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Armenia - Overview and introduction

Tax TIES: Armenia - Overview and introduction

Taxation of international executives

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Armenia TIES

Residents are taxed on their worldwide income. Non-residents are taxed only on their Armenian-sourced income. The tax year for individuals is the calendar year.

Tax rates vary according to the type of income. The standard income tax rate is 23 percent for 2020.

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

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

Disclaimer

All information contained in this publication is summarized by KPMG Armenia LLC, the Armenian member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. The information contained in this publication is based on the Tax Code of the Republic of Armenia of 2016 and subsequent amendments, including but not limited to:

—          RA Law "On Property Tax" No-HO-491-N, 30 December 2002

—          RA Law "On Land Tax" No.-HO-101, 14 February 1994, HN-1005-1

—          RA Law “On compensation for fallen or damaged servicemen during the defense of the Republic of Armenia”, No-HO-245-N, 15 December 2016

—          RA Law “On funded pension” No-HO-244-N, 22.12.2010

—          RA Tax Code No.HO-165-N, 04 October 2016.

© 2021 “KPMG Armenia” LLC, a company incorporated under the Laws of the Republic of Armenia and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.


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