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
