Investor Presentaiton
26 Investment guide Armenia
Income Tax rates:
I. The Income Tax rates on wages and salaries are:
Monthly Taxable Income
Up to AMD 120,000
From AMD 120,000 to AMD 2,000,000
Over AMD 2,000,000
Income Tax Rate
24.4%
AMD 29,280 + 26% of the amount exceeding AMD 120,000
AMD 518,080 + 36% of the amount exceeding AMD 2,000,000
II. The income tax rates on income not taxed by tax agent are:
Annual Taxable Income
Up to AMD 1,440,000
Over AMD 1,440,000
Income Tax Rate
24.4%
AMD 351,360 + 26% of the amount exceeding AMD 1,440,000
III. Tax rates on some types of income received by foreign citizens are:
Type of Income
Dividends
Rate
0%
Insurance reimbursements and income from transportation (freight)
Royalties, interests, lease payments, increase in the value of property and other passive income, as well
as other income received from Armenian sources
5%
10%
IV. Tax rates on passive income are:
Type of Income
Royalties, rental income, income from the sale of property, interest income (In case the annual income
received from rent exceeds AMD 58.35 mln. the individuals are subject to additional 10 % income tax
on amount exceeding the threshold without considering any deductions, including taxes paid by the tax
agent.)
Rate
10%
KPMG
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