Armenia Dividend, Rental, Interest and Royalty Tax Calculator
See how much tax is withheld from dividends, interest and royalties, and how much you pay yourself when you let out property in Armenia.
The calculator covers four kinds of passive income: dividends, rent, interest and royalties. Choose the income type, the recipient and the amount to see the tax due, how much the payer withholds, how much you pay yourself and what you keep.
It is handy if you let out a flat or an office, own an LLC and pay yourself dividends, hold deposits or lend to companies, or receive royalties as an author.
How passive income is taxed
| Income | Rate | Who pays the tax |
|---|---|---|
| Dividends to an individual (resident or non-resident) | 5% | the company, on payment |
| Dividends to a foreign company | 5%, may be lower under a treaty | the company, on payment |
| Dividends to an Armenian company | 0% | — |
| Rent | 10% + 10% on annual rent above AMD 60m | a corporate or IE tenant withholds 10%; you declare the rest |
| Interest on deposits and listed bonds | 10% | the bank or payer |
| Other interest to an individual (e.g. a loan to a company) | 20% | the borrower |
| Interest to a foreign company | 10% | the payer |
| Government bonds | 0% | — |
| Royalties | 10% | the payer |
Rent. Repairs, utilities and other costs are not deductible. The AMD 60 million threshold adds up every lease you have in the calendar year, and the extra 10% applies only to the excess. If the tenant is a company, a sole proprietor or a notary, it withholds 10% from each payment. An unregistered lease must be declared within 5 days.
Dividends. The tax is refunded if the dividends are reinvested in the same company’s charter capital in the same year. Dividends on shares listed on the Armenian stock exchange are exempt for individuals. For non-residents, a double tax treaty can lower the rate, provided there is a residence certificate for the current year.
Example: an office let for AMD 6.5 million a month
AMD 78,000,000
Rent for the year
AMD 7,800,000
Withheld by tenants
AMD 1,800,000
To pay yourself
AMD 68,400,000
Left after tax
An owner lets office space to companies for AMD 6,500,000 a month all year round. The tenants withhold AMD 650,000 every month, AMD 7,800,000 over the year. Annual rent exceeds the AMD 60 million threshold by AMD 18,000,000, so another AMD 1,800,000 is due with the annual return. Total tax is AMD 9,600,000, an effective rate of 12.31%.
By comparison, a flat let to a private person for AMD 350,000 a month brings in AMD 4,200,000 a year. The tax is AMD 420,000, and you pay it yourself because the tenant is not a tax agent.
Frequently asked questions
Yes. You pay the 10% yourself through your annual income return. For 2025 income, a transitional deadline of 1 November 2026 applied.
All of one person’s leases for the calendar year are added together. The extra 10% is charged only on the part above the threshold and is paid by you with the annual return.
If you reinvest the dividends in the same company’s charter capital in the same year, the 5% withheld is refunded. For non-residents, a double tax treaty can lower the rate, for example to 3% for a UAE company that meets the conditions.
If you are tax resident elsewhere, the income may be taxed there as well. Where a double tax treaty applies, the tax paid in Armenia is usually credited.
Tell us about your business, and we will suggest the right solution
- Free and with no obligation
- We reply in your language: հայերեն, русский, English
- On weekdays, 10:00–18:00
Or message us directly