EY Armenia Tax Alert | Annual personal income tax declaration 2023

Photographic portrait of Kamo Karapetyan
Kamo Karapetyan

EY Partner, Head of Tax Practice for EY in Armenia

29 Feb 2024
Subject Armenia Tax and Law Alerts

Facts

Starting from 2023, certain categories of resident citizens of the Republic of Armenia (“RA”) shall begin filing their annual personal income tax calculations (declarations) with the tax authority with the deadline of 1 May (inclusive) of the year following each reporting year.

Who’s affected?

  • Citizens of the RA who as of 31 December 2023 hold positions of state service, community service and/or public service, as defined by the RA Law on Public Service,
  • Resident citizens of the RA who as of 31 December 2023 are (were) participants (shareholders, equity holders or members) of a resident commercial entity that has declared a gross income of AMD1 billion or more for 2022,
  • Resident citizens of the RA who are classified as “beneficial owners” within the framework of the RA Law on Combating Money Laundering and Terrorism Financing, i.e., individuals who:

a. own, directly or indirectly, 20% or more of the voting shares (stocks or units) of the given legal entity or hold, directly or indirectly, 20% or more ownership share in the charter capital of such legal entity,

b. exercise real (actual) control over such legal entity by other means,

c. are official persons carrying out general or daily management of such legal entity’s activity if no individual meets the requirements of clauses a and b above,

  • Resident citizens of the RA who received a borrowing of AMD20 million or more during 2023.

     How EY can help?

  • Assisting with analyzing whether the resident citizens of the RA fall under the criteria for filing the annual personal income tax declaration for the tax year of 2023;
  • Assisting within filing in the annual personal income tax declaration and filing it with the Armenian tax authority. 

Contacts

For additional information, please contact:

Kamo Karapetyan | Partner | Head of Tax Practice at EY in Armenia
EY Armenia
Vazgen Sargsyan 2, Kamar Business Center, 0010, Yerevan, Armenia
Office: +374 (60) 50 7777
Mobile: +374 (99) 88 67 00
Kamo.Karapetyan@am.ey.com

Mikayel Arzumanyan | Manager | Tax & Law
EY Armenia
Vazgen Sargsyan 2, Kamar Business Center, 0010, Yerevan, Armenia
Office: +374 (60) 50 7777
Mobile: +374 (44) 80 80 05
Mikayel.Arzumanyan@am.ey.com

EY Armenia Tax Alert | Annual personal income tax declaration 2023 | Armenian Version

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