Expatriate tax ebook - Armenia
Print this page | Print this Country
What taxes?
Capital gains tax
Local taxes
Real estate taxes
Social security taxes
Stock options
Wealth taxes
Other specific taxes
Capital gains tax
There is no separate Capital gains tax in the RA.
Capital gains of foreign citizens and stateless persons are taxed in accordance with the RA Law "On Income Tax" at the rate of 10% of the amount.
Increase in the value of property resulting from the alienation of property located in Armenia and other assets, and increase in other assets is considered to be a taxable income received by non-resident from Armenian sources.Real estate tax
Real estate (buildings and constructions, except lands) is subject to property tax. The tax base is the value of the property, based on which the relevant rate of the property tax is applied. The tax base for buildings is determined by cadastral cost and by subsequent revaluation, carried out once in each three years by the State Cadastre of Real Estate. The tax rate on public and industrial buildings is 0.3 percent annually on the tax base, which is considered to be the property value. For dwellings and other buildings, progressive tax rate from 0.1 percent to 1.0 percent is applied.
Social security taxes
The employers shall pay social security contributions to the Social Security Fund at the following rates:
| Monthly amount for calculation of social security contributions (AMD) | Rate |
|---|---|
| Under 20,000 | AMD 7,000 |
| 20,000 to 100,000 | AMD 7,000 + 15% of the amount exceeding AMD 20,000 |
| Over 100,000 | AMD 19,000 + 5% of the amount exceeding AMD 100,000 |
The foreign citizens and persons without citizenship conducting entrepreneurial and other activities in Armenia, as well as their employers, shall not pay social security payments.
Stock options
Not applicable
Other specific taxes
Landowners, permanent and temporary users of the state-owned land are considered payers of land tax. The calculated net income determined by the cadastral evaluation of the land shall be the object of taxation for agricultural lands. The value of the land according to the cadastral evaluation shall be the object of taxation of non-agricultural lands.
Information about Armenia:
Last updated 17 July 2010
This information has been provided by Grant Thornton Amyot, a member firm within Grant Thornton International Ltd, and is for informational purposes only. Neither Grant Thornton Amyot nor Grant Thornton International Ltd can guarantee the accuracy, timeliness or completeness of the data contained herein. As such, you should not act on the information without first seeking professional tax advice.
Disclaimer
Contact us
For further information on expatriate tax services in the Republic of Armenia Mr. Hakob Tadevosyan