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Non-Resident Companies In Armenia Will Pay Taxes For Income In The A

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  • Non-Resident Companies In Armenia Will Pay Taxes For Income In The A

    NON-RESIDENT COMPANIES IN ARMENIA WILL PAY TAXES FOR INCOME IN THE AMOUNT OF 10% SINCE 2010

    ARKA
    Nov 3, 2009

    YEREVAN, November 3. Non-resident companies in Armenia will pay
    taxes for income in the amount of 10%", said Armen Alaverdyan, Deputy
    Head of Committee of State Income of Armenia on Tuesday during the
    press-conference.

    "Companies which conduct business in Armenia and receive dividends will
    have to pay taxes for income in the amount of 10% regardless of the
    legislation of their countries", said Alaverdyan. It does not refer to
    the countries with which Armenia has agreement on exclusion of double
    taxation. For example Russia will pay taxes in the amount of 5%. After
    adopting the law in 1998, non-resident companies getting income
    from their activities in Armenia, were paying taxes in the amount
    of 15% but in 2000 the rate was reduced to 10% and for the companies
    corresponding to the criteria, zero percent rate was defined.

    From: Emil Lazarian | Ararat NewsPress
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