Armenia Tax Summary

Key Points

• Corporate income tax rate is 18%.
• Personal income tax rate is progressive, ranging from 23% to 36%.
• Value-added tax (VAT) rate is 20%.
• Excise tax is levied on certain goods, such as tobacco, alcohol, and fuel.
• Property tax is levied on the value of real estate and vehicles.

Detailed Summary

• Corporate income tax is levied on the **profit** of businesses operating in Armenia. The standard rate is **18%**. (p.1)
• Personal income tax is levied on the **income** of individuals residing in Armenia. The rate is **progressive**, ranging from **23%** to **36%**. (p.2)
• Value-added tax (VAT) is a consumption tax levied on the **value added** to goods and services at each stage of production and distribution. The standard rate is **20%**. (p.3)
• Excise tax is levied on the **sale** of certain goods, such as tobacco, alcohol, and fuel. The rates vary depending on the product. (p.4)
• Property tax is levied on the **value** of real estate and vehicles. The rates vary depending on the type of property and its location. (p.5)

Conclusions

• Armenia's tax system is relatively straightforward and transparent.
• The government is committed to reducing tax rates and improving tax administration.
• Businesses and individuals are encouraged to seek professional advice to ensure compliance with tax laws.