Amendments to Armenia's Tax Code were adopted in the National Assembly on 25 June 2019 and signed into law on 27 June. The amendments provide for several important changes, including:
- A reduction in the corporate tax rate from 20% to 18%;
- The introduction of a 5% tax rate (withholding tax) for non-resident dividend income (down from the general 10% rate for passive income);
- The repeal of the patent fee (license payment) regime that applies for certain business types;
- The introduction of a ne…