The Personal Income Tax Rate in Armenia stands at 23 percent.

Personal Income Tax Rate in Armenia averaged 26.06 percent from 2003 until 2020, reaching an all time high of 36 percent in 2014 and a record low of 20 percent in 2004. This page provides - Armenia Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Armenia Personal Income Tax Rate - values, historical data and charts - was last updated on September of 2020.

Personal Income Tax Rate in Armenia is expected to reach 23.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Armenia Personal Income Tax Rate is projected to trend around 23.00 percent in 2021, according to our econometric models.

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Armenia Personal Income Tax Rate

Actual Previous Highest Lowest Dates Unit Frequency
23.00 36.00 36.00 20.00 2003 - 2020 percent Yearly

Armenia Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 18.00 20.00 20.00 18.00 percent [+]
Personal Income Tax Rate 23.00 36.00 36.00 20.00 percent [+]
Sales Tax Rate 20.00 20.00 20.00 20.00 percent [+]
Social Security Rate 5.00 5.00 23.00 5.00 percent [+]
Social Security Rate For Companies 2.50 2.50 15.00 2.50 percent [+]
Social Security Rate For Employees 2.50 2.50 8.00 2.50 percent [+]


Armenia Personal Income Tax Rate
In Armenia, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labour, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of Armenia.