Armenia Turnover Tax (SME Simplified Regime) Calculator 🇦🇲

Turnover Tax (Շրջանառության հարկ) for Armenian SMEs

The Turnover Tax system in Armenia is an alternative simplified tax regime replacing Corporate Income Tax and Value Added Tax (VAT) for qualifying small businesses:

• Annual Revenue Eligibility Threshold: Up to 115,000,000 AMD (approx. $295,000 USD) in gross turnover during the preceding or current tax year.
• Commercial Trading Activities (5% with 1.5% floor):
  • Gross Turnover Tax rate: 5.0%.
  • Documented Acquisition Credit: 4.0% of directly documented purchased goods can be deducted from the tax.
  • Statutory Minimum Floor: Total turnover tax cannot be reduced below 1.5% of gross turnover.
• Other Economic Sectors:
  • Commercial Services & Consulting: 5.0% flat on gross turnover.
  • Production / Manufacturing: 3.5% flat on gross turnover.
  • Public Catering / Restaurants: 6.0% to 8.0% depending on document coverage.
• Quarterly Returns: Filed and paid quarterly by the 20th of the month following each quarter.