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Личные налоги в Армении

Individual taxation


Rates

  • Individual income tax rate: 22%
  • Capital gains tax rate (applied to total sales proceeds): 0%/10%/20%

Residence

Individuals are resident in Armenia if they are present in the country for more than 183 days in the tax year, or if their center of vital interests is in Armenia.

Basis

A resident individual is subject to personal income tax on worldwide income; a nonresident individual is subject to personal income tax on Armenian-source income only.

Taxable income

Taxable income includes salary and equivalent income, income from the provision of services, interest, royalties, income from the lease or sale of property, dividends paid to nonresident individuals, and other income received by individuals.

Rates

For salary and equivalent income and income received from the provision of services, as well as other income not listed below, income tax is calculated at a 22% flat rate.
Dividends received are taxable at a 5% rate, unless the rate is reduced under a tax treaty. Income tax on dividends is refundable if the dividends are reinvested in the same resident company in the same tax year they are received.

Interest income and royalties are subject to a 10% personal income tax.

Income from leases is taxed at a rate of 10%; however, if the total income derived during the tax year exceeds AMD 60 million, an additional income tax of 10% is calculated on the excess.

Capital gains are exempt from tax if they are derived from sales of the following:

  • Land (regardless of the purpose of the sale).
  • Property sold by an individual (other than a property developer) to another individual.
  • Bonds issued by the Armenian government or the Pan-Armenian Bank.
  • Equity securities; and
  • Securities representing an investment in an investment fund.

Where capital gains are subject to tax, the tax applies on the total sales proceeds, rather than on the net capital gains. The proceeds from the sale of non-business purpose property by an individual (other than a property developer) to a tax agent (e.g., an organization) are subject to a 10% withholding tax. The proceeds from the sale of business purpose property and proceeds derived by property developers from the sale of property are subject to a 20% tax.

Capital gains

See under “Rates,” above.

Deductions and allowances

See under “foreign tax relief,” below.

Foreign tax relief

Resident individuals are subject to personal income tax on their worldwide income, with credit granted for overseas taxes paid up to the amount of tax assessable in Armenia on the foreign income. If the credit is higher than the income tax liability for a particular year, the excess amount may be carried forward and set off against income tax liabilities in subsequent years.

Compliance for individuals


Tax year

The tax year is the calendar year.

Filing status

Individuals must file a separate income tax return if they have taxable income during the tax year that is not taxed at source by a tax agent. Tax agents must file tax returns monthly, on a name basis for income paid to employees and service contractors, and on a no-name basis for income paid to other individuals.

Filing and payment

For salary and equivalent income, as well as other income received from resident organizations and nonresident organizations with a registered PE in Armenia, the calculation and payment obligations rest with the withholding agent and must be carried out on a monthly basis. Both the reporting and the payment are due by the 20th day of the month following the reporting month.
In cases where the calculation and payment of income tax are not the responsibility of the withholding agent, the individual payee is responsible on an annual basis. Both the reporting and the payment are due by the 20th day of April of the year following the reporting year.
Salary and equivalent income are included in taxable income on an accrual basis, and most other income, such as passive income, income from the performance of services, in-kind income, etc. is included on a cash basis.

Penalties

Penalties apply for filing a late return or failure to file, and/or late payment.

Rulings

There is no system for advance rulings for tax purposes.

Controlled foreign companies


There are no CFC rules.

Foreign exchange control


Armenia does not restrict the flow of Armenian or foreign currency into or out of the country. Quotations and payments between residents in Armenia must be made in AMD.

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