🇦🇲 Armenia

Middle East
0 residency programs
Residence-based taxation
Arabkir Church, Yerevan, Armenia

Countries / Armenia

Known for

Fact Sheet

Continent

Middle East

Demonym

Armenian

Calling code

+374

Driving side

Right

Motto

One Nation, One Culture (Մեկ Ազգ, Մեկ Մշակույթ)
Population
2,930,450
Human development index
0.76
Life expectancy
75 years
Unemployment rate
17%
Inflation rate
-1.1%
Fertility rate
1.5

Cost of Life

Cost of Living Index
32.84
Rent Index
10.91
Groceries Index
25.61
Restaurant Price Index
30.43
Local Purchasing Power Index
28.00

Taxation overview

Tax system

Residence-based taxation

Countries with a residence-based taxation levy tax from your worldwide income for as long as you're a tax resident of that country. This is the most common taxation system.

Tax residence definition varies from country to country. General rule is you're a tax resident of a country if you spend 183 days or more in it in a year.

Tax Treaties (5)

Armenia has concluded 5 tax treaties (also called double tax agreements, or DTAs) with other countries to avoid or mitigate double taxation. Such treaties may cover a range of taxes including income taxes, inheritance taxes, value added taxes, or other taxes.
Note: the list below may not be exhaustive.
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