Information about Armenia Minimum wage and taxes.

To give information about minimum wage and taxes in Armenia: As of 2021, the minimum wage in Armenia has been determined as 68,000 drams. This amount is stated gross and the net wage amount is obtained after taxes and other deductions are deducted. The tax system in Armenia operates based on income. Income tax rates vary depending on the amount of income. Income tax rates in 2021 are determined as follows: - 23%: Income between 0-2,000,000 Drams - 28%: Income between 2,000,001-5,000,000 drams - 36%: Income of 5,000,001 and above In addition, social security premiums are paid by employees. The social security premium rate is

5.4% of the gross wage. This premium covers social security services such as retirement, health insurance and unemployment insurance. Other types of taxes include VAT (Value Added Tax). The VAT rate in Armenia is generally 20%, but lower rates may apply for some goods and services. The above information is for general informational purposes only and may not apply in all cases. It is recommended that you get support from local tax authorities or experts to get more detailed information on tax and minimum wage issues.

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