From January 1, 2020, Armenia will move to a leveled income tax system, that is from a progressive scale will switch to a linear, what means that income tax will be the same for all-23%.
The Ministry of Finance informs that in the framework of tax reforms implemented in Armenia, the income tax will be gradually reduced from next year.
Thus, the income tax will be 23% from January 1, 2020, 22% from January 1, 2021, 21% from January 1, 2022 and 20 % from January 1, 2023.

Regarding the rate of social payment, it is suggested to restore the rate of social payment at the level of previously used 5% from 2.5 %.

•From January 1, 2021-3,5%,

•From January 1, 2022-4,5%,

•From January 1, 2023- 5%.