Armenia
Armenia: 4 company types, its taxes, banking and business environment.
Forming a company
Company types in Armenia
The 4 forms a founder can choose here, each with its own figures. Open one for its sources.
Doing business here
Business accounts
Providers whose own published list of countries names Armenia. A listing means a company formed here may apply, not that it will be accepted.
Not in our records No provider's country list has been read for Armenia.
EU listings
Two lists a bank checks when it opens an account for a company or its owner.
- EU high-risk third countries (AML)
- Not listed
- EU non-cooperative jurisdictions for tax purposes
- Not listedOfficial EUR-Lex, 52026XG01465, Annex I as of 2026-02-17
Official sites
The authorities’ own sites for Armenia: where to register, file and check.
Blocs and agreements
The trade arrangements Armenia belongs to, as each arrangement’s own texts state them: since when, and what each covers. What a membership means for a business is for you to judge.
- Eurasian Economic Union
- Economic union · since 2 January 2015
Covers goods, services, establishment, capital, movement of people, investment, a common external tariff.
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The observer status within the Union shall not entitle any state to participate in decision-making process conducted by Bodies of the Union.
Regional and customs arrangements only, 36 of them; bilateral trade agreements are not yet in our records.
Tax
Company tax
Tax, and what the company owes the registry each year.
- Corporate income tax
- 18%
- Distributions
- Not in our records
- Audit
- A Revision Commission is mandatory in companies with more than twenty participants; Law on Accounting Art. 26(1): mandatory audit for public-interest organisations, large organisations and medium-sized organisations; a small organisation is not on that list (other laws may add types).Official The registry or ministry page as of 2026-10-10
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Establishment of the Revision Commission in the companies with more than twenty participants shall be mandatory.
- Small-company relief
- Not in our records
- Annual obligations
- Not in our records
- Annual registry fee
- Free
VAT
The tax on what the company sells in Armenia, and when it must register, as the tax authority states it.
- Standard rate
- 20%
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VAT against the tax base of transactions and operations considered to be the object of VAT taxation as prescribed by Article 60 of the Code shall be calculated at the rate of 20%
- Other rates
- 0% Transactions taxable at the zero rate under Article 65, including goods exported under the customs procedure 'Export'
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Taxation at zero rate of VAT shall be the calculation of VAT at zero percent rate with respect to the tax base of transactions deemed to be VAT taxable objects prescribed by Article 60 of the Code.
- Registration threshold
- AMD 115,000,000
sales turnover for all types of activities; preceding tax year, or the current tax year once the threshold is exceeded
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in case of being considered a VAT payer on the ground of exceeding the threshold of the amount of AMD 115 million of sales turnover with respect to all types of activities in the tax year, the VAT shall be calculated and paid in the amount exceeding the VAT threshold
- Voluntary registration
- Yes
A taxpayer below the threshold may submit a statement to the tax authority to be record-registered as a VAT payer, from a day not earlier than the 20th day before the statement.
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in case where the organisation or individual entrepreneur submits a statement to the tax authority making an indication of the fact of being considered a VAT payer and being record-registered as a VAT payer
- A foreign company
- Registers from its first taxable supply
A non-resident organisation without a permanent establishment that supplies electronic services to natural persons is placed on record-registration regardless of turnover; where it supplies other taxable goods or services, the Armenian VAT payer contracting with it accounts for the VAT as tax agent. No representative is required by the provisions read, but the registration procedure is set by Government decree which was not read.
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In case a non-resident organisation not having a permanent establishment in the Republic of Armenia provides electronic service to a natural person who is not considered to be an individual entrepreneur or a notary
- Returns filed
- Monthly
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Every reporting month shall be deemed to be a reporting period for the calculation and payment of VAT, except for cases prescribed by part 2 of this Article.
- Tax authority
- State Revenue Committee of the Republic of Armenia (SRC)
Tax calendar
When the main returns and payments fall due in Armenia, tax year 2026, as the tax authority states it.
- Corporate tax return
- 20 April · each year
Tax Code art. 134(1): profit tax calculation report by 20 April of the year following the reporting period.
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shall submit to the tax authority a profit tax calculation report by April 20, inclusive, of the tax year following the reporting period
- Corporate tax, final payment
- 20 April · each year
Tax Code art. 136(1): balance of profit tax payable by 20 April of the following tax year.
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shall pay the profit tax amounts subject to payment to the State Budget prior to and including the twentieth of April of the tax year following the given tax year
- Corporate tax, instalments
- 20 March · each quarter
Tax Code art. 135(1): advance fees for each quarter by the 20th day of the last month of the quarter, i.e. 20 March, 20 June, 20 September, 20 December (rule stores the first quarter's date; the other three follow at three-month steps). Amount 20% of the preceding year's profit tax, minimum 2% of the preceding quarter's supply income.
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for each quarter of the current tax year prior to and including the twentieth day of the last month of the given quarter, in the amount calculated by 20 percent of the profit tax amount of the preceding tax year
- Personal income-tax return
- 1 May · each year
Tax Code art. 156(4.1) as held on arlis.am: annual income tax statement by 1 May of the following year. The State Revenue Committee has announced a different transitional date (1 November) for the 2024 and 2025 reporting years; that notice could not be read from a page the fetch could render (src.am is script-drawn), so it is not recorded as a rule. Check the SRC notice before relying on 1 May for the current year.
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prior to and including the 1 May of the tax year following each reporting period
- Personal income tax, final payment
- 1 May · each year
Tax Code art. 158(2)(2): payable by 1 May of the year following the reporting period. Same caveat as the return: the SRC has announced a later payment date (1 July) from the 2026 reporting year; not readable on a rendered page, so not recorded.
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in the case prescribed by part 3 of Article 151 of the Code, prior to and including 1 May of the tax year following the reporting period
- Personal income tax, instalments
- Not required here
No advance-payment regime for individual income tax is set in the Tax Code chapter on income tax (arts. 141-160); individuals with a yearly reporting period pay once, by the date above. Absence inferred from the chapter, not from a statement.
- VAT return
- Day 20 of the following month · each month
Tax Code art. 75(1) as held on arlis.am speaks of 'each reporting semester'; art. 69 sets the reporting period as the month, and art. 78(1) fixes payment on the twentieth of the month following each reporting period. The 20th is the date both state; the unified report is recorded on the same day.
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prior to and including the twentieth day of the month following each reporting period
- Payroll withholding
- Day 20 of the following month · each month
Tax Code art. 156(1) (monthly calculation report) and art. 158(1) (payment to the State Budget), both by the 20th of the following month.
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Tax agents shall pay to the State Budget the income tax amounts, calculated as prescribed by part 1 of Article 154 of Code, subject to payment to the State Budget, prior to and including the twentieth day of the month following the reporting period
Running the company
Running a company here
Not in our records The authorities’ pages on running a company have not been read for Armenia yet.
Economy and trade
What it exports
Goods Armenia exported, by product, as a share of its goods exports each year. Exports include goods passing through for re-export. A share describes Armenia’s own trade; it does not compare places.
| Product (HS heading) | 2022 | 2023 | 2024 | Value, 2024 |
|---|---|---|---|---|
| Gold (including gold plated with platinum), unwrought or in semi-manufactured forms, or in powder form HS 7108 | 8.9% | 20.5% | 42.1% | US$5.6 bn |
| Articles of jewellery and parts thereof, of precious metal or of metal clad with precious metal HS 7113 | 1.9% | 5.3% | 6.8% | US$906 m |
| Telephone sets, including smartphones and other telephones for cellular networks or for other wireless networks; other apparatus for the transmission or reception of voice, images or other data, including apparatus for communication in a wired or wireless network (such as a local or wide area network), other than transmission or reception apparatus of heading 8443, 8525, 8527 or 8528 HS 8517 | 4.7% | 5.9% | 5.2% | US$693 m |
| Silver (including silver plated with gold or platinum), unwrought or in semi-manufactured forms, or in powder form HS 7106 | under 0.05% | 0.57% | 4.1% | US$553 m |
| Copper ores and concentrates HS 2603 | 12.7% | 6.0% | 4.1% | US$543 m |
| Diamonds, whether or not worked, but not mounted or set HS 7102 | 7.2% | 8.0% | 3.7% | US$493 m |
| Platinum, unwrought or in semi-manufactured forms, or in powder form HS 7110 | under 0.05% | 2.1% | 3.4% | US$450 m |
| Cigars, cheroots, cigarillos and cigarettes, of tobacco or of tobacco substitutes HS 2402 | 5.5% | 3.9% | 3.0% | US$403 m |
| Undenatured ethyl alcohol of an alcoholic strength by volume of less than 80 % vol; spirits, liqueurs and other spirituous beverages HS 2208 | 5.1% | 3.5% | 2.6% | US$342 m |
| Monitors and projectors, not incorporating television reception apparatus; reception apparatus for television, whether or not incorporating radio-broadcast receivers or sound or video recording or reproducing apparatus HS 8528 | 1.8% | 2.8% | 2.0% | US$266 m |
Total goods exports, 2024: US$13.4 bn. The ten largest headings are shown.