Armenia Tax Tables
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Published on: 2023-05-02 08:02:27
Last modified: 2023-05-02 08:03:17
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Reference(s) State Revenue Committee (SRC)
Tax tables last updated: 2023-05-02 09:30:35
Currency Dram [ AMD ] [ ֏ ]
Introduction
On this page you will find:
- The latest tax tables for Armenia which are used as the default tax year for Armenia tax calculations in our apps.
- A list of previous tax years tax tables for Armenia, these tax years can also be used with the Armenia tax calculators by selecting alternate tax years.
The tax tables are split into two seperate categories, these are Personal Income Tax Tables (PIT) and Corporate Income Tax Tables (CIT).
Armenia Personal Income Tax (PIT)
PIT includes the tax rates and thresholds that are applied when calculating taxes targeted at individuals, for example, income tax is a tax applied against individuals and therefore categorised as PIT.
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 20% | Flat rate on all taxable income | ||
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 20% | Flat rate on all taxable income | ||
| 5% | ֏ 0.00 to ֏ 6,000,000.00 |
| 10% | ֏ 6,000,000.01 and over |
Note that in 2023 employees annual contributions are capped at a maximum of ֏ 1,125,000.00 (15 × minimum monthly salary of ֏ 75,000.00)
Armenia Corporate Income Tax (CIT)
CIT includes the tax rates and thresholds that are applied when calculating taxes targeted at businesses, for example, corporation tax is a tax applied against businesses and therefore categorised as CIT.
| VAT Rate | VAT Rate Type |
|---|---|
| 0% | Exempt Rate |
| 20% | Standard Rate |
| 18% | Main Rate |
| 0% | ֏ 0.00 to ֏ 240,000.00 |
| 15% | ֏ 240,000.01 to ֏ 1,200,000.00 |
| 5% | ֏ 1,200,000.01 and over |
In addition to the social security tables above, employers in Armenia must pay a flat rate of ֏ 84,000.00 per annum (֏ 7,000.00 per month).
Armenia Tax Years supported by the Tax Calculator
The following tax years are supported by the Tax Calculator. Please contact us if you would like us to add further historical tax years or require additional tax information or metrics which are not currently covered within the Tax Calculator apps.