What Taxes

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What taxes?

Capital gains tax
Local taxes
Real estate taxes
Social security taxes
Stock options
Wealth taxes
Other specific taxes

Capital gains tax
There is no separate Capital gains tax in the RA.
Capital gains of foreign citizens and stateless persons generated from Armenian sources are taxed in accordance with the RA Law “On Income Tax” at the rate of 10%.

Local taxes
Not applicable

Investment income
Investment income is deemed mostly generated from securities and capital gain.

Real estate tax
Real estate (buildings and constructions, except lands) is subject to property tax. The tax base is the value of the property, based on which the relevant rate of the property tax is applied.

The tax base for buildings is determined by cadastral value and by subsequent revaluation carried out once every three years by the State Cadastre of Real Estate. The tax rate on buildings for public and production use is 0.3 percent per annum on the tax base, which is considered to be the property value. For other buildings, the applied progressive tax rate ranges from 0.1 percent to 1.0 percent.

Social security taxes
Both employers and employees, including foreign citizens and persons without citizenship, shall pay social security contributions to the Social Security Fund.

The social security payment is to be paid by the employer for each employee at the following rates:

Monthly amount for calculation of social security contributions (AMD)	Rate
Under 20,000	AMD 7,000
20,000 to 100,000	AMD 7,000 + 15% of the amount exceeding AMD 20,000
Over 100,000	AMD 19,000 + 5% of the amount exceeding AMD 100,000

The social security payment to be made by an employee shall be withheld by the employer at the rate of 3% of the calculated monthly salary.

Stock options
Not applicable

Wealth tax
Not applicable

Other specific taxes
Landowners, permanent and temporary users of the state-owned land are considered payers of land tax. The calculated net income determined under cadastral valuation of the land shall be the object of taxation for agricultural lands at the rate of 15%. The value of the land under the cadastral valuation shall be the object of taxation for non-agricultural lands at the rate ranging from 0.5% to 1%.

Information about Armenia:

Last updated 21 June 2011

This information has been provided by Grant Thornton Amyot, a member firm within Grant Thornton International Ltd, and is for informational purposes only. Neither Grant Thornton Amyot nor Grant Thornton International Ltd can guarantee the accuracy, timeliness or completeness of the data contained herein. As such, you should not act on the information without first seeking professional tax advice.

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Contact us

For further information on expatriate tax services in the Republic of Armenia Mr. Hakob Tadevosyan

Related websites

State Tax Service
Armenian Development Agency
AEPLAC
BISNIS
The RA Government
Ministry of Foreign Affairs

Related publications

Publications of Grant Thornton are placed on GT web site. The Commercial Guide for Investors in Armenia, being regularly updated and revised in compliance with the recent developments, gives some fast facts about Armenia, summarizes the results of the economic activity, and provides useful information on other spheres of activity deemed to be helpful for potential investors and businessmen in implementation of projects in Armenia.

www.grantthornton.am/en/publications

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