|Armenia||Eastern Europe & Central Asia||United States||Germany|
|Number of Payments of Taxes per Year||15.0||13.9||10.6||9.0|
|Time Taken For Administrative Formalities (Hours)||264.0||226.2||175.0||218.0|
|Total Share of Taxes (% of Profit)||22.6||36.5||36.6||48.8|
Source: Doing Business - Latest available data.
|Income Tax rate||21% from 1 January 2022
20% from 1 January 2023
(was 22% in 2021)
|Income from royalties and interest||10% (when not exempt)|
|Income from lease of property||10% (+10% for incomes in excess of AMD 60 million)|
|Income from the sale of property||10% or 20% (according to the type of property and the nature of the buyer)
The sale of non-entrepreneurial property to individuals is exempt from tax
|Dividends attributable to 2020 and subsequent reporting periods||5% (instead of 10%)|
|Type of property and law||Validity||International Agreements Signed|
Law on Patents, 1999.
|20 years, when the patent was granted on a basis of a substantive examination (principal patent), or for 10 years, when it was granted without carrying out of a substantive examination (preliminary patent).|
Law on Trademarks, Service Marks and Appellations of Origins
|10 years initial period||
Protocol Relating to the Madrid Agreement Concerning the International Registration of Marks
Law on Patents (Industrial Property Legislation)(1999)
Law on Copyright and Neighboring Rights (2006)
|The author’s economic rights shall run for the whole life of the author and for 50 years after his death. The economic rights of the author holding copyright can be transferred by inheritance.|
Law on Patents
Independent interpreters can be reached mainly in big cities and can be helpful in a court case.
SARM is a member body of ISO since 1996.
|New Year||December 31-January 2|
|National Army Day||January 28|
|Women's International Day||March 8|
|Motherhood and Beauty Day||April 7|
|Armenian Genocide Remembrance Day||April 24|
|Worker's Day||May 1|
|Victory and Peace Day||May 9|
|First Republic Day||May 28|
|Constitution Day||July 5|
|Republic Independence Day||September 21|
|Earthquake Memorial Day||December 7|
|Closure for New Year||First week of January (Armenian Christmas)|
|Closure during Summer||One week around Mid-August|
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Latest Update: September 2023