🇦🇲 Corporate Tax in Armenia

Limited Liability Company (LLC (ՍՊԸ))

The standard corporate income tax rate is 18%. VAT is 20% and applies when annual turnover exceeds AMD 115 million (~$290,000). Armenia offers a highly attractive turnover tax regime for IT companies: qualifying IT businesses with annual turnover below AMD 500 million can elect to pay turnover tax at 0% (previously 5%, reduced to stimulate the tech sector). This effectively makes Armenia a 0% tax jurisdiction for small-to-medium IT companies. Withholding tax on dividends to non-residents is 5%. Withholding tax on interest and royalties to non-residents is 10%. Capital gains are taxed at the standard 18% rate. Personal income tax is a flat 20%. Social security contributions (employer) are approximately 5% of gross salary. Armenia has 46 double tax treaties, including with major European countries, Russia, and Middle Eastern nations.