Paying Taxes in Armenia

The table below addresses the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year in Armenia, as well as measures of administrative burden in paying taxes.

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Tax or mandatory contributionPayments (number)Notes on PaymentsTime (hours)Statutory tax rateTax baseTotal tax rate (% profit)Notes on TTR
Social security contributions12 352(i) AMD 7,000 for first AMD 20,000 of monthly salary; (ii) AMD 7,000 plus 15% of the monthly salary exceeding AMD 20,000; (ii) AMD 19,000 plus 5% of the monthly salary exceeding AMD 100,000. gross salaries23 
Corporate income tax13 15220.0%taxable profit12.1 
Land Tax4 -1.0%cadastral value0.8 
Property tax on Building4 -0.3%cadastral value0.3 
Vehicle tax4 -(1) 1-120 horsepower - AMD 200 per horsepower; (2) 121-250 horsepower - AMD 300 per horsepower, and additional AMD 1000 per each horsepower in excess of 150 horsepower; (3) 251 and more horsepower - AMD 500 per horsepower, and additional AMD 1000 per each horsepower in excess of 150 horsepowerengine of the vehicle (in horsepower)0 
Environmental pollution charge for vehicles1 -AMD 50 per horsepowerengine of the vehicle (in horsepower)0 
Value added tax (VAT)12 45420.0%value added, land sale not included
Totals:50 958  36.2 


Notes:
Name of taxes have been standardized. For instance income tax, profit tax, tax on company's income are all named corporate income tax in this table.
The hours for VAT include all the VAT and sales taxes applicable.
The hours for Social Security include all the hours for labor taxes and mandatory contributions in general.