The calculator shows the tax, how much the payer withholds, what you must pay yourself and what you keep. Rules as of 14.10.2026.
How are dividends, rent, interest and royalties taxed?
| Income | Recipient | 2026 rate | Who pays |
|---|---|---|---|
| Dividends | resident or non-resident individual | 5% | company withholds |
| Dividends | foreign company | 5% (treaty may lower) | company withholds |
| Dividends | Armenian company | 0% | — |
| Rent | individual | 10% + 10% on the excess over AMD 60m/yr | company/IE tenant withholds 10%; otherwise you |
| Interest on deposits, listed bonds | individual | 10% | bank |
| Other interest (loan to a company) | individual | 20% | borrower |
| Government bonds | individual | 0% | — |
| Royalties | individual or foreign company | 10% | payer |
No expenses are deducted from rent. The AMD 60m threshold counts all your leases in the calendar year. An unregistered lease must be declared within 5 days of handover.
Worked example: commercial building, AMD 75m a year
- 10% withheld by the corporate tenants: 7,500,000
- Excess over the threshold: 75,000,000 − 60,000,000 = 15,000,000
- Extra 10%: AMD 1,500,000, self-assessed in the annual return
- Total tax AMD 9,000,000; you keep 66,000,000
By comparison, an apartment let to an LLC for AMD 400,000 a month: the LLC withholds 40,000 a month, 480,000 a year, nothing more to pay. An AMD 10,000,000 dividend to an individual: tax 500,000, net 9,500,000.
What changed in 2025–2026?
The rates did not change. Since 1 December 2023 individuals must declare unregistered leases and self-assess tax on rent from private tenants. Annual returns for 2025 income can be filed until 1 November 2026 (transition); from 2027 the window is 2 March to 1 July. Armenia has exchanged financial account information under CRS since 2025.
Who is this calculator for?
Relocants letting a flat in Yerevan, LLC owners paying themselves dividends, investors with deposits or loans to companies, and authors or developers earning royalties. Rent received through an IE on turnover tax is taxed differently: use the turnover tax calculator. For company profit before dividends, see the VAT and profit tax calculator, and read Taxes in Armenia.
This is an estimate. The 20% rate on other interest follows PwC and KPMG; whether self-assessed rent needs quarterly payments is not fully clear.
Frequently asked questions
What is the dividend tax in Armenia in 2026?
5% for resident and non-resident individuals and for foreign companies (a tax treaty may lower it, e.g. 3% for a qualifying UAE company). Dividends received by an Armenian company are not taxed. The paying company withholds the tax.
How is rental income of an individual taxed?
At 10% of gross rent, with no deductions. A company or IE tenant withholds it; with a private tenant you pay it yourself through the annual return. Above AMD 60m of rent in a year, an extra 10% applies to the excess.
What is the tax on bank deposit interest in Armenia?
10% on bank deposits and listed bonds. Other interest received by individuals, such as on a loan to a company, is taxed at 20%. Government bonds are exempt.
Can the 5% dividend tax be refunded?
Yes, if the dividend is reinvested in the charter capital of the same company in the same tax year.
Do I also pay tax in my home country?
If you remain tax resident elsewhere (for example in Russia), that country may tax the income too, usually with a credit for Armenian tax under a treaty. Get advice for your case.
Sources
- Tax Code of Armenia (arlis.am)
- PwC Tax Summaries: Armenia, personal income
- PwC Tax Summaries: Armenia, withholding taxes
- Hetq: rent above AMD 60m (SRC explanation)
- State Revenue Committee
free consultation
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