Yerevan

Salary from a foreign employer or fees from foreign clients

Taxed20% flat

A resident pays income tax on income from inside and outside Armenia (Tax Code, Article 141(1)(1)), so a salary from a foreign employer or fees from foreign clients are taxed at the flat 20% (Article 150(1)). No Armenian payer withholds it, so you file an annual declaration between 2 March and 1 July of the following year and pay by 1 July (Articles 151(3), 156(4) and 158(2)). Foreign tax paid on the same income is credited, up to the Armenian tax on it (Article 20). For 2023–2027 income up to AMD 12 million earned abroad, the State Revenue Committee does not ask for a foreign tax certificate. A non-resident is in a different position. Salary and fees for services count as Armenian-source only when the contract is with an Armenian resident or a permanent establishment (Article 144(1)), so a non-resident working for foreign employers or clients owes no Armenian income tax. Freelancers can register as individual entrepreneurs. Their business income then leaves income tax and pays profit tax of 18% on net profit (Article 125(1)), or the much lighter turnover tax (see regimes). Foreigners with an Armenian residence status pay the funded-pension social payment on the same terms as citizens if born in 1974 or later. The rate is 5% of monthly salary up to AMD 500,000 and 10% minus AMD 25,000 above that, on income up to 15 times the minimum monthly wage. Individual entrepreneurs on turnover tax pay a flat AMD 5,000 a month (Law on Funded Pensions, Articles 5–6). How that payment is collected on a salary from a foreign employer with no Armenian payroll was not confirmed. Without a residence status, foreigners do not pay it.

On the nomad visa

Armenia has no digital nomad visa. Visa-exempt foreigners may stay up to 180 days in one year, which keeps them under the 183-day test. The centre-of-vital-interests test can still make someone resident if Armenia becomes their home and main place of work. Longer stays need a residence permit. Holding an Armenian residence status also brings the funded-pension social payment for people born in 1974 or later.

Dividends, interest, gains, rent and pensions from abroad

Reduced rate5% dividends; 10% rent and deposit interest; 20% other interest; pensions and share gains exempt

Residents are taxed on foreign investment income, but at lower rates or not at all. Dividends pay 5% (Tax Code, Article 150(8)). Rent pays 10%, with a further 10% on rent above AMD 60 million a year (Article 150(7)). Interest on bank deposits and on publicly offered or listed bonds pays 10%, and other interest pays 20% (Article 150(5)–(5.1)). Royalties pay 10%. All pensions are exempt, expressly including pensions paid under foreign pension systems (Article 147(1)(2)). Income from holding or selling shares and other investment securities, including fund units, is exempt; dividends are the exception (Article 149). Selling property pays 10% (Article 150(9)). However, the proceeds are non-taxable when the buyer is an individual who is not an entrepreneur (Article 147(1)(16)), so in practice the tax mostly applies to sales to companies. Since 2025, gains on ordinary crypto-assets are non-taxable, while sales of NFTs and of mined or validation-reward coins pay 1% (Articles 147(1)(16.1) and 150(9.1)). Foreign tax is credited up to the Armenian tax (Article 20). Income with no Armenian payer is declared between 2 March and 1 July of the following year. Non-residents are taxed only on Armenian-source investment income.

Net wealth and inheritance

No wealth taxNo inheritance tax

Armenia has no net wealth tax and no inheritance or gift tax. The only taxes allowed are those listed in the Tax Code, and the only local taxes are on immovable property and vehicles (Article 6). Property and money received from individuals as a gift or inheritance are non-taxable income whatever the relationship (Article 147(1)(13)). The one exception is a home given by an individual who built the block. Gifts from companies are taxable income. Buildings pay an annual immovable property tax on their cadastral value, which is set close to market value. For apartments the rate is 0.05% up to AMD 10 million, rising by bands to AMD 1,326,000 plus 1.5% of value above AMD 200 million (Article 229). Private houses have a similar scale, and residential land without buildings pays 0.6%–1%. Individuals pay to the local community by 1 December (Article 236).

Tax resident after

183 days a year

Top income tax rate

20%

When you become tax resident

You are an Armenian tax resident if you are physically present in Armenia for 183 days or more in a calendar tax year, counting the days of arrival and departure as full days (Tax Code, Article 25(1)–(2)). You are also resident if your centre of vital interests is in Armenia, meaning your home or apartment, family or principal place of professional activity is there (Article 25(3)). If you are resident on any day of the year, you are resident for the whole year (Article 25(5)). Visa-exempt visitors may stay at most 180 days a year, so a tourist stay alone does not reach 183 days. However, someone who rents a home and works from Armenia could be treated as resident from the start under the vital-interests test, which the Code does not spell out further. Non-residents pay tax only on Armenian-source income. If two countries both treat you as resident, the State Revenue Committee points to the tie-breaker rules of the relevant tax treaty.

Top income tax rate

Yerevan: a flat 20% on salary and other ordinary income since 1 January 2023, with no bands (Tax Code, Article 150(1)). Armenia has no regional or municipal income tax, because local taxes are limited to property taxes (Article 6), so the rate is the same everywhere. The funded-pension social payment of up to 10% for people liable to it is a pension contribution and is not included.