Armenia Tax Rates
Armenia operates a flat 20% personal income tax rate (reduced from progressive rates in 2020) and a 18% corporate tax rate, administered by the State Revenue Committee. VAT is 20%. Armenia's tech sector has grown significantly, and the country has become a destination for digital nomads and IT companies, particularly after the 2022 influx of Russian tech workers. The Eurasian Economic Union membership affects trade taxation.
Top Income Tax Rate
20%
Corporate Tax Rate
18%
VAT / Sales Tax
20%
Capital Gains Tax
20%
Detailed Tax Information
Income Tax Brackets
Armenia applies a flat 20% personal income tax on all taxable income. This rate was introduced in 2020, replacing the previous progressive system. Residents are taxed on worldwide income. Non-residents are taxed at 20% on Armenian-sourced income. Individual entrepreneurs may use a simplified turnover tax system.
| Income Range | Tax Rate |
|---|---|
| ֏0+ | 20% |
Corporate Tax
Armenia's corporate income tax rate is 18%. Certain sectors and activities benefit from tax incentives. IT companies can obtain special tax status reducing the effective tax burden. Micro-enterprises with turnover up to AMD 24 million pay 0% turnover tax.
Standard Rate
18%
Capital Gains Tax
Capital gains are included in taxable income at the flat 20% rate for individuals and 18% for companies.
Rate
20%
VAT / Sales Tax
Armenia's VAT is 20% on the supply of goods and services. Financial services, education, healthcare, and certain agricultural products are exempt. The turnover tax (simplified regime) at 1.5-5% is available as an alternative for small businesses.
Standard Rate
20%
Cryptocurrency Tax
Armenia taxes cryptocurrency gains under general income tax provisions at the flat 20% rate. The Central Bank of Armenia has acknowledged digital assets but has not established a comprehensive regulatory framework. Armenia has seen growing crypto adoption, particularly after the influx of Russian tech workers in 2022.
Tax Treaties
Armenia has approximately 46 double taxation agreements. EAEU membership provides free movement of goods with member states.
Treaty Network
46
Double taxation agreements
Major treaty partners:
Key Details
Relocate to Armenia
See how much you could save by moving here from your current country.
$-638
Tax in United States
$24K
24.4% effective
Tax in Armenia
$25K
25% effective
Additional Cost
2.6%
more tax annually
US Citizens: Important Note
US citizens are taxed on worldwide income regardless of residence. You'll still need to file US taxes, though the Foreign Earned Income Exclusion and Foreign Tax Credit may reduce your liability.
