Non-resident companies are subject to the same tax treatment as resident firms but are only imposed on their Armenia-source income. Non-resident firms are exempt from tax on interest gains deriving from Armenian government bonds in foreign currency and on income derived from the sale and exchange of such bonds.
Resident entities, registered permanent establishments, and individual entrepreneurs are required to withhold income tax at source on payments to non-residents not having a registered PE in Armenia.
In general, the domestic interpretation of the Permanent Establishment (PE) aligns with the definition found in the OECD Model Tax Convention. Specifically, a non-resident's PE in Armenia refers to a registered place of business with the tax authorities, through which the non-resident conducts business activities in Armenia, regardless of the duration of those activities.
|Eastern Europe & Central Asia
|Number of Payments of Taxes per Year
|Time Taken For Administrative Formalities (Hours)
|Total Share of Taxes (% of Profit)
Source: Doing Business - Latest available data.
|Income Tax rate
|20% from 1 January 2023
(was 21% in 2022)
|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%)
Residents are taxed on their worldwide income whereas non-residents are only taxed on their Armenia-sourced income.
In order to be considered tax residents in Armenia, individuals must fulfill at least one of the following conditions:
Individuals who do not meet any of these criteria are classified as non-residents.
|Type of property and law
|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.
|December 31-January 2
|National Army Day
|Women's International Day
|Motherhood and Beauty Day
|Armenian Genocide Remembrance Day
|Victory and Peace Day
|First Republic Day
|Republic Independence Day
|Earthquake Memorial Day
|Closure for New Year
|First week of January (Armenian Christmas)
|Closure during Summer
|One week around Mid-August
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Latest Update: February 2024