Indirect tax ebook - Armenia

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Other local requirements

Specific approach to VAT calculation

VAT is calculated from the actual value of a transaction for granted or partially granted goods or services.

In case of a sale of buildings, VAT is calculated on the invoiced amount, but no less than its cadastral value.

VAT privileges

The VAT paying period is prolonged for some goods imported to Armenia:

one year from the date of importing - if the customs value of the goods is less than 70 million AMD
two years from the date of importing - if the customs value of goods is more than or equal to 70 million AMD
three years from the date of importing - if the customs value of goods is more than 300 million AMD.

The special 'Foreign Economic Activity Commodity Nomenclature Codes' for these goods are set in article six of the Law.

If the goods are sold or provided to third parties for utilisation before the end of the prolonged period, the taxpayer should pay deferred VAT amount along with the respective fines.

Information about Armenia

Introduction
Scope
Registration
Tax rates
Reporting and filing
General tax application/Time of supply
Other local requirements

This information has been provided by Grant Thornton Armenia, a member firm within Grant Thornton International Ltd and is for informational purposes only. Neither Grant Thornton Armenia 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

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For further information on indirect taxes in Armenia please contact Hakob Tadevosyan

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