According to Article 10 of the RA law on Income Tax, which was adopted on 22 December 2012, the tax agent calculates the income tax according to the following rates:

Size of the monthly taxable income

Tax Amount:

– Up to AMD 120000 – 24.4 percent of taxable income

– Up to 120.000-200.0000 – AMD 29.280 plus 26 percent of the excess amount of AMD 120.000,

– Up to 200.0000 – AMD 518080 plus 36 percent of the excess amount of AMD.

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