» What taxes do you have to pay from 2021 if you are a registered employee?

What taxes do you have to pay from 2021 if you are a registered employee?

Просмотры: 60
From this year, the employees registered in Armenia will be taxed with a lower income tax, but at the same time the mandatory accumulative pension payments will increase և The sums directed to the Military Insurance Fund.

The tax rates are fixed by the "Tax Code of the Republic of Armenia".

Income tax increases from 23% to 22% for everyone

A flat income tax system has been operating in Armenia since 2020. This means that all registered employees pay the same percentage of income tax.

If in the past there was a progressive system և citizens were taxed according to the amount of income (the higher the income, the higher the income tax rate), then in 2020 everyone paid 23% income tax.

According to the amendments adopted in 2019, the income tax will be gradually reduced to 20% by 2023. This year it will be 22%.