Armenia extends tax privilege for start-up IT companies
On 16 December 2022, the Armenian parliament adopted the relevant laws "On amendments and additions to the Law on State Support of the IT sphere" and "On Amendments to the Tax Code of the Republic of Armenia" for the extension of tax incentives for
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Armenia: Parliament approves a bill to ratify BEPS MLI
On 14 September 2022, the Armenian Parliament (National Assembly) approved draft Bill No. K-294 for ratifying the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI). On 7 June 2017, Armenia signed the agreement
See MoreArmenia approves BEPS MLI
On 24 March 2022, the Armenian Cabinet approved the ratification of BEPS MLI. Armenia signed the convention on 7 June 2017. After completing the ratification process Armenia must deposit its ratification instrument to bring the MLI into force for
See MoreIMF Report on Armenia’s Economic Situation
On 17 March 2022 the IMF published a report following discussions with Armenia in relation to the sixth and final review of the economic program which is supported by a three-year IMF stand-by arrangement (SBA). Armenia is in a stronger economic
See MoreArmenia increases the interest rate from December 2021
On 14 December 2021, the Armenian Central Bank has announced the decision to increase the key rate from 7.25% to 7.75% with effect from December 2021. The interest rate of the Central Bank is used for the purposes of calculating interest
See MoreArmenia: Parliament extends the tax incentives for exporters
On 26 May 2021, the Parliament of Armenia has approved a bill on extending the tax incentives for exporters to 31 December 2029. The provided incentive was scheduled to 31 December 2021 for resident companies that are exclusively engaged in exports
See MoreDTA between Armenia and Germany entered into force
On 23 November 2017, the income and capital tax treaty between Armenia and German entered into force after the completion of ratification procedures on both sides. The agreement was signed on 29 June 2016. The treaty provides for withholding tax on
See MoreArmenia: New DTAs with Kyrgyzstan and Uzbekistan
On 25 September 2017, Ministry of Finance of Armenia published a press release that Armenia will sign Double Taxation Agreements (DTA) with Kyrgyzstan and Uzbekistan by the end of this
See MoreArmenia: DTA with Israel signed
On 25 July 2017, the Minister of Foreign Affairs of Armenia and the Minister of Regional Cooperation of Israel have signed a Double Taxation Agreement (DTA) for the avoidance of double taxation and the prevention of fiscal evasion with respect to
See MoreSlovak Republic: DTA with Armenia enter into force
The 2015 Double Tax Agreement (DTA) between Slovak Republic and Armenia was entered into force on 1st of February 2017. It will be applicable from 1st of January 2018. In accordance with this treaty, tax withholding rates are 5% or 10% in case of
See MoreProtocol to treaty between Armenia and Belarus enters into force
The amending protocol to a treaty between Armenia and Belarus has entered into force on 26 December 2016. It was signed on 19 May 2016 for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. The
See MoreSerbia- Armenia tax treaty entered into force
The Income Tax Treaty (2014) between Serbia and Armenia has been entered into force on 3 November 2016 and it generally applies from 1st January 2017. According to the new treaty the maximum withholding tax rate for dividends, interest and royalties
See MoreDTA between Armenia and Slovak Republic ratified by Slovak Republic
The Income and Capital Tax Treaty (2015) between Armenia and Slovak Republic has been ratified on 4th November
See MoreDTA between Armenia and Slovak Republic ratified by Armenia
The Income and Capital Tax Treaty (2015) between Armenia and Slovak Republic has been ratified by the Armenian Constitutional Court on 29th September 2015. It needs to be enacted by the President and to be published in the Official Gazette of
See MoreSlovak Republic and Armenia: DTA signed
The Ministry of Foreign Affairs of Armenia has confirmed that a Double Tax Agreement (DTA) between Armenia and Slovakia has been signed on 15th May
See MoreArgentina-Signed TIEA with Armenia
Argentina and Armenia signed a tax information exchange agreement (TIEA) on 7 July 2014. The TIEA provides bilateral assistance by the exchange of information related to determination, assessment and collection of taxes, and the recovery and
See MoreDuty-Free export of petroleum products and gas from Russia
The President of Russia has signed into law a cooperation agreement with Armenia that approves duty-free export of petroleum products, natural gas and uncut diamonds from Russia. Last month, Russia has customized its duty-free oil arrangement with
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