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Armenian Social Payment System To Be Changed

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  • Armenian Social Payment System To Be Changed

    ARMENIAN SOCIAL PAYMENT SYSTEM TO BE CHANGED

    Vestnik Kavkaza
    Nov 8 2012
    Russia

    Armenian Minister for Labour and Social Affairs Artyom Asatryan said
    that the system of social payments from wages will be discontinued
    on January 1, 2013.

    Income tax for a monthly wage of $294 will total 24.4%. Higher wages
    will have a tax rate of over 26%.

    People without tax agents will have a rate of 24.4% and 26% for sums
    over and under $3530 a month respectively.

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