The income tax rate decreased and became 20% starting January 1, 2023.
Resident and non-resident natural persons pay income tax in Armenia. Private entrepreneurs and notaries pay income tax only for personal income.
By law, resident natural persons are people who’ve spent at least 183 days in Armenia in the fiscal year or whose business is focused in Armenia. Public employees temporarily stationed abroad are also considered resident natural persons.
The gross income gained from income sources in Armenia and/or income sources abroad are subject to income tax for residents. The gross income gained from income sources in Armenia are subject to income tax for non-residents.