The Personal Income Tax Rate in Armenia stands at 22 percent. source: Tax Service of Republic of Armenia

Personal Income Tax Rate in Armenia averaged 25.84 percent from 2003 until 2021, 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 July of 2021.

Personal Income Tax Rate in Armenia is expected to reach 36.00 percent by the end of 2021, 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 36.00 percent in 2022 and 23.00 percent in 2023, according to our econometric models.

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Armenia Personal Income Tax Rate

Actual Previous Highest Lowest Dates Unit Frequency
22.00 23.00 36.00 20.00 2003 - 2021 percent Yearly

Armenia Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 18.00 18.00 20.00 18.00 percent [+]
Personal Income Tax Rate 22.00 23.00 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.