At the end of 2024, a number of amendments were made to the Tax Code, and a new law "On State Support in the Field of High Technologies"
came into force in Armenia.

SPECIAL BENEFITS
FOR IT COMPANIES

Companies operating in specified types of economic activity can take advantage of the following tax benefits:

0% VAT

VAT is reduced from

20% to 0% on export

Up to 60%
Income Tax Refund

60% of the calculated income tax is refunded under an employment contract or service contract (GPH) with a new employee or a labor migrant.

1% Turnover Tax

For IT startups, a preferential turnover tax rate of 1% is applied.

50%
Income Tax Refund

50% of the calculated income tax is refunded under an employment contract or service contract (GPH) with an employee performing professional work and undergoing qualification trainings.

APPLY FOR BENEFITS

RULES AND REQUIREMENTS

State support is available to companies and individual entrepreneurs registered in the Republic of Armenia.

Activities must fall under
the list of economic activities supported by the Government.

Applicants must not have tax liabilities exceeding 100,000 AMD on the day prior to submitting the application.

WHO CAN APPLY?

Software
development

Computer systems management

IT consulting

Creation of databases, content, technical instructions, websites

Data processing, hosting databases on the network

Actions related to web portals and search engines

Research IT programs

Educational IT programs

The company needs to register the type of activity it plans to engage in
and ensure to carry out only that type of activity to comply with the requirements to get the tax benefits.

SPECIAL BENEFITS FOR IT COMPANIES