Micro-Entrepreneurship (Միկրոձեռնարկատիրություն) in Armenia
Armenia offers an ultra-preferential tax environment for individual sole proprietors and micro-enterprises under Chapter 56 of the Tax Code of the Republic of Armenia:
- 0.0% Income & Turnover Tax: Qualifying entities are 100% exempt from Corporate Income Tax and Turnover Tax on annual gross revenue up to 24,000,000 AMD (approx. $61,500 USD).
- Fixed Employee Income Tax: Instead of paying 20% PIT on employee wages, micro-enterprises pay a fixed nominal monthly tax of just 5,000 AMD per employee, regardless of the employee's gross remuneration.
- Military Fund Requirement: The standard Military Insurance Fund monthly stamp fee (1,500 to 15,000 AMD) still applies based on employee salary levels.
- Ineligible Activities: Not available to consulting, accounting, legal services, software trading in Yerevan, or commercial trade conducted within Yerevan administrative borders.
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.