The Income Tax rate in Armenia is one of the important factors in the country’s economy. Here is a page where all information concerning Armenia’s income Tax rate and calculations are shown in detail.
Every country in the world is bound to have its respective tax system. In the case of the personal income tax rate, sales, and corporate tax rate in Armenia, you will get to have a unique system guiding it.
If you are one of those searching, How much is income tax in Armenia? Does Armenia tax foreign income? How do I pay tax in Armenia?
In this article, you will be shown the details of the income Tax rate in Armenia. The taxation system covers personal income, sales, and corporate tax rates.
Armenia’s Personal income Tax rate 2022?
The personal income tax rate is generally the tax rate after all the expenses and deductions have been made.
Income – Allowable Expenses = Taxable income
Taxable income/Tax rate = Tax Due
- Armenia Personal Income Tax 21%
Armenia Sales tax
The sales tax rate in Armenia is a consumption tax imposed by the government on the sale of goods and services.
- Sales tax 20%.
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Corporate tax in Armenia?
Armenia Corporate tax is a tax on the profit of a corporation. The tax is paid on the company’s taxable income.
- Corporate Tax Rate 18%
Does Armenia tax foreign income?
Residents are taxed on their worldwide income. Non-residents are taxed only on their Armenian-sourced income.
How do I pay tax in Armenia?
You can make a payment using your Arca or MasterCard payment cards or MobiDram account as well as your PayPal account for consular services. The payments are classified into 4 groups: State duties, service fees, consular services fees, fines, and taxes
The details above have been released to enlighten the general public on the income Tax rate in Armenia. If there’s anything else you need, kindly let us know via the comments section below.
