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Taxation In Armenia
Taxation in Armenia is regulated by the State Revenue Committee, which is the tax authority of the Armenian government. Meanwhile, the Armenian Tax Service is responsible for the collection of taxes, providing revenue services, preventing tax fraud and tax evasion, and implementing various tax reform programs in conjunction with the State Revenue Committee.https://www.petekamutner.am/Content.aspx?itn=tsATSMission Type of tax Employee income tax From 1 January 2020, Armenia switched to a flat income taxation system, which, regardless of the amount, will tax wages at 23%. Moreover, until 2023 the taxation rate will gradually decrease from 23% to 20%. Corporate income tax Reforms adopted in June 2019, aims to boost medium-term economic activity and to increase tax compliance. Among other measures, the corporate income tax was reduced by two percentage points to 18.0 per cent and the tax on dividends for non-resident organizations halved to 5.0 per cent. Special taxation for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Revenue Committee (Armenia)
The State Revenue Committee (SRC) ( hy, Հայաստանի պետական եկամուտների կոմիտե, translit=Petakan yekamutneri komite) is the tax and customs authority of the Armenian government, headquartered in Yerevan. The State Revenue Committee is the regulating body, established under Armenian law, to regulate tax services, customs regulations, and customs services in Armenia. The committee works closely with the Central Bank of Armenia and directly oversees the Armenian Customs Service and the Armenian Tax Service. International cooperation Former Head of the SRC, Suren Adamyan, stated that “In the field of tax administration reforms the SRC closely collaborates with the International Monetary Fund, World Bank, U.S. Agency for International Development, and the European Union. Armenia became a full member of the World Customs Organization in 1992. The SRC joined the Intra-European Organisation of Tax Administrations in 2010. Suren Adamyan stated, "Our purpos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
RFE/RL
Radio Free Europe/Radio Liberty (RFE/RL) is a United States government funded organization that broadcasts and reports news, information, and analysis to countries in Eastern Europe, Central Asia, Caucasus, and the Middle East where it says that "the free flow of information is either banned by government authorities or not fully developed". RFE/RL is a private, non-profit 501(c)(3) corporation supervised by the U.S. Agency for Global Media, an independent government agency overseeing all U.S. federal government international broadcasting services. Daisy Sindelar is the vice president and editor-in-chief of RFE. RFE/RL broadcasts in 27 languages to 23 countries. The organization has been headquartered in Prague, Czech Republic, since 1995, and has 21 local bureaus with over 500 core staff and 1,300 stringers and freelancers in countries throughout their broadcast region. In addition, it has 700 employees at its headquarters and corporate office in Washington, D.C. Radio Free Eu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taxation In Armenia
Taxation in Armenia is regulated by the State Revenue Committee, which is the tax authority of the Armenian government. Meanwhile, the Armenian Tax Service is responsible for the collection of taxes, providing revenue services, preventing tax fraud and tax evasion, and implementing various tax reform programs in conjunction with the State Revenue Committee.https://www.petekamutner.am/Content.aspx?itn=tsATSMission Type of tax Employee income tax From 1 January 2020, Armenia switched to a flat income taxation system, which, regardless of the amount, will tax wages at 23%. Moreover, until 2023 the taxation rate will gradually decrease from 23% to 20%. Corporate income tax Reforms adopted in June 2019, aims to boost medium-term economic activity and to increase tax compliance. Among other measures, the corporate income tax was reduced by two percentage points to 18.0 per cent and the tax on dividends for non-resident organizations halved to 5.0 per cent. Special taxation for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Rates Of Europe
This is a list of the maximum potential tax rates around Europe for certain income brackets. It is focused on three types of taxes: corporate, individual, and value added taxes (VAT). It is not intended to represent the true tax burden to either the corporation or the individual in the listed country. Graphs File:Top Marginal Tax Rates In Europe.webp, Top Marginal Tax Rates In Europe 2022 10% 20% 30% 40% 50% 60% File:Payroll and income tax by country.png, Payroll and income tax by OECD Country (2013) File:Federal Sales Taxes.png, Federal Sales Taxes Summary list The quoted income tax rate is, except where noted, the top rate of tax: most jurisdictions have lower rate of taxes for low levels of income. Some countries also have lower rates of corporation tax for smaller companies. In 1980, the top rates of most European countries were above 60%. Today most European countries have rates below 50%. Per country information: income tax bands Austria Austria ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Finance (Armenia)
The Ministry of Finance of Armenia ( hy, Հայաստանի Ֆինանսների նախարարություն) is a republican body of executive authority, which elaborates and implements the policies of the Republic of Armenia Government in the areas of fiscal revenue collection, public finance administration. Former Ministers First Republic of Armenia * Khachatur Karchikyan (06.07.1918-04.11.1918) *Artashes Enfiajyan (04.11.1918-24.06.1919) *Grigor Jaghetyan (24.06.1919-05.08.1919) *Sargis Araratyan (10.08.1919-05.05.1920) * Abraham Gyulkhandanyan (05.05.1920-23.11.1920) * Hambardzum Terteryan (25.11.1920-02.12.1920) Source: Republic of Armenia * Janik Janoyan (18.09.1990-16.02.1993) * Levon Barkhudaryan (1993-1997) * Armen Darbinyan (15.05.1997-10.04.1998) * Edward Sandoyan (20.04.1998-15.06.1999) * Levon Barkhudaryan (15.06.1999-11.11.2000) * Vardan Khachatryan (11.11.2000-09.04.2008) * Tigran Davtyan (21.04.2008-17.12.2010) * Vache Gabrielyan (17.12.2010-09.04.20 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Countries By Tax Revenue As Percentage Of GDP
This article lists countries alphabetically, with total tax revenue as a percentage of gross domestic product (GDP) for the listed countries. The tax percentage for each country listed in the source has been added to the chart. Tax as % of GDP (2020) See also *List of countries by government budget *List of countries by government spending as percentage of GDP *List of countries by social welfare spending *Taxation in the United States *List of countries by tax rates *Tax rates in Europe This is a list of the maximum potential tax rates around Europe for certain income brackets. It is focused on three types of taxes: corporate, individual, and value added taxes (VAT). It is not intended to represent the true tax burden to eith ... References {{DEFAULTSORT:Countries By Tax Revenue To Gdp Ratio Tax Revenue To Gdp Ratio Gross domestic product *Tax Revenue To Gdp Ratio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Countries By Tax Rates
A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit. The list focuses on the main types of taxes: corporate tax, individual income tax, and sales tax, including VAT and GST and capital gains tax, but does not list wealth tax or inheritance tax. Some other taxes (for instance property tax, substantial in many countries, such as the United States) and payroll tax are not shown here. The table is not exhaustive in representing the true tax burden to either the corporation or the individual in the listed country. The tax rates displayed are marginal and do not account for deductions, exemptions or rebates. The effective rate is usually lower than the marginal rate. The tax rates given for federations (such as the United States and Canada) are averages and vary depending on the state or province. Territories t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Taxation
International taxation is the study or determination of tax on a person or business subject to the tax laws of different countries, or the international aspects of an individual country's tax laws as the case may be. Governments usually limit the scope of their income taxation in some manner territorially or provide for offsets to taxation relating to extraterritorial income. The manner of limitation generally takes the form of a territorial, residence-based, or exclusionary system. Some governments have attempted to mitigate the differing limitations of each of these three broad systems by enacting a hybrid system with characteristics of two or more. Many governments tax individuals and/or enterprises on income. Such systems of taxation vary widely, and there are no broad general rules. These variations create the potential for double taxation (where the same income is taxed by different countries) and no taxation (where income is not taxed by any country). Income tax systems m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Armenia
The Armenian economy contracted sharply in 2020, by 5.7%, mainly due to the 2020 Armenia-Azerbaijan war. In contrast it grew by 7.6 per cent in 2019, the largest recorded growth since 2007, while between 2012 and 2018 GDP grew 40.7%, and key banking indicators like assets and credit exposures almost doubled. While part of the Soviet Union, the economy of Armenia was based largely on industry—chemicals, electronic products, machinery, processed food, synthetic rubber and textiles; it was highly dependent on outside resources. Armenian mines produce copper, zinc, gold and lead. The vast majority of energy is produced with imported fuel from Russia, including gas and nuclear fuel for Armenia's Metsamor nuclear power plant. The main domestic energy source is hydroelectric. Small amounts of coal, gas and petroleum have not yet been developed. Armenia's severe trade imbalance has been offset somewhat by international aid, remittances from Armenians working abroad, and foreign dir ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Value-added Tax
A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of tax that is assessed incrementally. It is levied on the price of a product or service at each stage of production, distribution, or sale to the end consumer. If the ultimate consumer is a business that collects and pays to the government VAT on its products or services, it can reclaim the tax paid. It is similar to, and is often compared with, a sales tax. VAT is an indirect tax because the person who ultimately bears the burden of the tax is not necessarily the same person as the one who pays the tax to the tax authorities. Not all localities require VAT to be charged, and exports are often exempt. VAT is usually implemented as a destination-based tax, where the tax rate is based on the location of the consumer and applied to the sales price. The terms VAT, GST, and the more general consumption tax are sometimes used interchangeably. VAT raises about a fifth of total tax revenues bo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Armenian Government
The politics of Armenia take place in the framework of the parliamentary representative democratic republic of Armenia, whereby the President of Armenia is the head of state and the Prime Minister of Armenia the head of government, and of a multi-party system. Executive power is exercised by the President and the Government. Legislative power is vested in both the Government and Parliament. History Armenia became independent from the Russian Empire on 28 May 1918 as the ''Republic of Armenia'', later referred as First Republic of Armenia. About a month before its independence Armenia was part of short lived Transcaucasian Democratic Federative Republic. Suffering heavy losses during the Turkish invasion of Armenia and after the Soviet invasion of Armenia, the government of the First Republic resigned on 2 December 1920. Soviet Russia reinstalled its control over the country, which later became part of the Transcaucasian SFSR. The TSFSR was dissolved in 1936 and Armenia became a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Armenian Dram
The dram ( hy, դրամ; sign: ֏; abbreviation: դր.; ISO code: AMD) is the currency of Armenia, and is also used in the neighboring unrecognized Republic of Artsakh. It was historically subdivided into 100 luma (). The Central Bank of Armenia is responsible for issuance and circulation of dram banknotes and coins, as well as implementing the monetary policy of Armenia. The word "dram" translates into English as "money" and is cognate with the Greek drachma and the Arabic dirham, as well as the English weight unit dram. The first instance of a dram currency was in the period from 1199 to 1375, when silver coins called dram were issued. History On 21 September 1991, a national referendum proclaimed Armenia as a republic independent from the Soviet Union. The Central Bank of Armenia, established on 27 March 1993, was given the exclusive right of issuing the national currency. In the immediate aftermath of the collapse of the Soviet Union attempts were made to maintain a c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
