Armenia Extends Tax Incentives for Exporters

Armenia's parliament reportedly approved an extension of tax incentives for exporters on 26 May 2021. Previously scheduled to expire on 31 December 2021, the following reduced corporate tax rate incentives have been extended to 31 December 2029 for resident companies that are exclusively engaged in exports of goods and services:

• A 5% reduced rate for companies (groups) with export turnover exceeding AMD 40 billion per year; and
• A 2% reduced rate for companies (groups) with export turnover ex…