The Corporate Tax Rate in Armenia stands at 18 percent.

Corporate Tax Rate in Armenia averaged 19.87 percent from 2006 until 2020, reaching an all time high of 20 percent in 2007 and a record low of 18 percent in 2020. This page provides - Armenia Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Armenia Corporate Tax Rate - values, historical data and charts - was last updated on October of 2020.

Corporate Tax Rate in Armenia is expected to reach 20.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Armenia Corporate Tax Rate is projected to trend around 20.00 percent in 2021 and 18.00 percent in 2022, according to our econometric models.

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Armenia Corporate Tax Rate

Actual Previous Highest Lowest Dates Unit Frequency
18.00 20.00 20.00 18.00 2006 - 2020 percent Yearly

Armenia Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 18.00 20.00 20.00 18.00 percent [+]
Personal Income Tax Rate 23.00 36.00 36.00 20.00 percent [+]
Sales Tax Rate 20.00 20.00 20.00 20.00 percent [+]
Social Security Rate 5.00 5.00 23.00 5.00 percent [+]
Social Security Rate For Companies 2.50 2.50 15.00 2.50 percent [+]
Social Security Rate For Employees 2.50 2.50 8.00 2.50 percent [+]

Armenia Corporate Tax Rate
In Armenia, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Armenia.