Frequently Asked Questions

We've optimized our costs and are sharing the savings with you. One accountant now manages more clients with less effort—that's why we've lowered prices. Our responsibility as an accounting agency remain unchanged. Better quality for less money.

For tax payments (not accounting services), we recommend using the banks' specially prepared "budget transfer" method. Please study your bank's business application and find the menu for budget transfers.

It's better to pay taxes from your business account. The tax office knows this account and will correctly link the transfer to your legal entity.

Our payment notification already contains the tax region code. Most banks in Armenia have a separate menu for transferring money to the tax budget. In this menu, you specify the ministry account number, your IP number (not always required), and select your tax region code from the dropdown list. This is done specifically so that people who don't know Armenian don't have to type words in Armenian. To avoid errors.

Yes, you can, but in this case, you will be responsible for part of the routine as the owner of full access.

Our power of attorney and service agreement cover risks related to access to the taxpayer's personal account. We are responsible, including for improper use of access. And you, as the owner of IP/LLC, can change the password at any time by sending a request to the tax office. Usually, this takes less than a day.

We insist on providing full access to the personal account because the system daily tracks updates and access status. The system can work with only limited access of a trusted person (accountant/signer), but in this case, part of the routine will be transferred to you. In this case, on average, once every 3-5 months we may ask you to make changes to the personal account according to instructions.

There are several tax regimes in Armenia: turnover tax, profit tax, and VAT.

- Trade/services: 10% - Manufacturing: 7% - Catering: 12% - If ≥90% of turnover is from privileged OKVED codes: 1%

Services (10%): deduction of 6% of expenses (min. 4.5% of turnover) Trade (10%): deduction of 9.5% of expenses (min. 1% of turnover)

Profit: 18% (residents), 20% (non-residents) VAT: 20% (standard), 0% (export)

Personal income tax: 20%.

– 0 - 500,000 AMD: 5% but not less than 3,000 AMD; even if the employee is on maternity leave or not working, the social contribution must be paid – 500,000–1,124,000 AMD: 10% + 25,000 AMD – >1,124,000 AMD: 87,500 AMD/month

Depending on income AMD/month ≤100,000 – 1,500 AMD/month ≤200,000 – 3,000 AMD/month ≤500,000 – 5,500 AMD/month ≤1,000,000 – 8,500 AMD/month >1,000,000 – 15,000 AMD/month

Payment deadline: until May 1 of the following year.

Employees born before 01.01.1974 are exempt from the savings part of social contributions.

An invoice is mandatory for the sale of goods/services, advances, import/export.

– Services: ≤1 month from the invoice date – Goods: on the day of sale

Central Bank of RA rate on the invoice date https://www.cba.am/en/exchange-rates-archive

Passport, notarized passport translation, SSN, fee 3,200 AMD. Be prepared to provide your registration address in Armenia.

– State Register (Komitas Ave., 49/3) – Unified Center (Vazgen Sargsyan St., 3) – HayPost branches

Required for taxes, IP, account, residence permit.

Passport, translation, birth certificate (if available).

Appointment at migration.e-gov.am → submit documents at the migration office.

Criterion: ≥183 days/year in RA.

– Main: Tairov St., 14 – District: Kentron, Arabkir, Shengavit – Online appointment: https://migration.e-gov.am