Law of the Republic Of Armenia on Profit Tax

This document provides the law regulating relations pertaining to the definition and payment of the profit tax in the Republic of Armenia. The law states that profit tax shall be paid by the residents of the Republic of Armenia and non-residents, with the exception of budgetary institutions and the Central Bank of the Republic of Armenia.

The document:

• Defines the circle of profit tax payers, profit tax rates, procedures for the calculation and payment of the profit tax;
• States the provisions of the law for tax accounting and calculation and terms of tax payment;
• Provides articles of the law on taxation of non-resident Armenians.

The final provisions of the law deal with responsibilities of taxpayers and their officials in case of violation of this law.