Armenia: Income and profits taxes

The latest value from 2024 is 39.61 percent, an increase from 38.4 percent in 2023. In comparison, the world average is 26.79 percent, based on data from 87 countries. Historically, the average for Armenia from 2004 to 2024 is 28.91 percent. The minimum value, 14.52 percent, was reached in 2004 while the maximum of 40.14 percent was recorded in 2018. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.