Corporate Income Tax (Շահութահարկ) in Armenia
Companies incorporated in Armenia (LLC / CJSC) are taxed under Section 3 of the Tax Code of the Republic of Armenia:
- Standard Corporate Tax Rate: Flat 18.0% on net taxable business profits (Gross Revenue minus recognized deductible business expenses).
- Quarterly Advance Tax Payments: Paid by the 20th of the month following each calendar quarter (March 20, June 20, Sept 20, Dec 20). Calculated 20% of the previous fiscal year's CIT or 2% of the quarter's actual revenue.
- Dividend Withholding Tax (WHT): Flat 5.0% withholding tax on dividends distributed to individual resident or non-resident shareholders, subject to DTT double tax treaty reductions.
- Loss Carry-Forward: Tax losses may be carried forward for up to 5 consecutive years to offset future taxable operating profits.
Statutory Regulatory Framework: Compliant with the Tax Code of the Republic of Armenia, Labor Code of the Republic of Armenia, Cadastre Committee statutory duties, and regulatory resolutions issued by the State Revenue Committee (SRC) and PSRC.