Armenia is introducing a phased system of annual income declaration for individuals (similar to the existing real beneficiary declaration) between 2023 and 2026. In 2025, citizens of the Republic of Armenia (RA) must declare their income. This article covers what the income declaration for individuals entails, how it will be filed, and what you need […]
On December 4, 2024, the National Assembly of the Republic of Armenia passed the “Law on State Support for the High-Tech Sector” to improve the competitiveness of Armenia’s high-tech industry, attract new talent to the market, enhance employees’ skills, and strengthen Armenia’s position as an exporter. According to economic activity classifications, the Government defines the […]
The tax system in Armenia is designed to be efficient and business-friendly. The Republic of Armenia has a favorable and transparent tax system characterized by relatively low tax rates. Most taxes are paid directly into the state budget. Armenia’s tax legislation is based on international best practices, ensuring a tax environment conducive to stable economic […]
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