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The document ceased to be valid since  January 1, 2018 according to article 445 of the Tax Code of the Republic of Armenia of  November 1, 2016 No. ZR-165, except for:

- the provisions relating to the tax agents accredited according to the procedure, established by part 1.1 of article 10 of the Law of the Republic of Armenia "About the state support of the sphere of information technologies" which are effective for a period of 5 years from the date of issue of the certificate

LAW OF THE REPUBLIC OF ARMENIA

of December 30, 2010 No. ZR-246

About the income tax

(as amended on 03-06-2016)

Accepted by National Assembly of the Republic of Armenia on December 22, 2010

Chapter 1. General provisions

Article 1. Subject of regulation of the Law

1. This Law governs the relations connected with determination and payment of the income tax in the Republic of Armenia, the circle of income tax payers, rates, procedure for calculation and payment of the income tax in the Republic of Armenia establishes.

Article 2. Concept of the income tax

1. The income tax is the direct tax paid by taxpayers (in the cases established by the law through the tax agent – the organization or the individual entrepreneur, or the notary) in the government budget of the Republic of Armenia according to the procedure, the sizes and the terms established by this Law.

Chapter 2. Taxpayers and taxation object

Article 3. Income tax payers

1. In the Republic of Armenia physical persons - residents of the Republic Armenia (further – residents) and physical persons – nonresidents of the Republic Armenia (further - nonresidents), including individual entrepreneurs and notaries are considered as income tax payers (further - taxpayers).

2. In sense of this Law the physical person which was in the Republic of Armenia in total 183 days and more during any beginning or coming to the end twelve-monthly period of tax year (from January 1 to December 31 inclusive) is considered resident or the center of vital interests of which is in the Republic of Armenia, and also, the physical person which is in public service in the Republic of Armenia temporarily working outside the territory of the Republic of Armenia. In sense of this Law the place where family or economic interests of person are concentrated is considered the center of vital interests. In particular, it is considered that the center of vital interests of physical person is in the Republic of Armenia if there is house or the apartment (where his family lives) and it (his families) personal or main family property or the main place of implementation of its economic (professional) activity.

3. In sense of this Law the physical person which is not resident according to part 2 of this Article is considered the nonresident.

Article 4. Taxation object

1. The taxation object for resident the leviable income which is subject to obtaining - to offsetting (income gained within civil agreements – regarding passive incomes, and also the income of the physical persons who are not individual entrepreneurs or notaries),  in the territory of the Republic of Armenia and beyond its limits is considered.

2. The taxation object for the nonresident the leviable income which is subject to obtaining - to offsetting (income gained within civil agreements – regarding passive incomes, and also the income of the physical persons who are not individual entrepreneurs or notaries), - from the Armenian sources is considered.

3. The leviable income is the positive difference between comprehensive income of the taxpayer during the accounting period and the deductions established by this Law from the income and expenses if this Law concerning determination of the taxation object does not establish other.

Article 5. Comprehensive income

1. The comprehensive income is total amount of all income which is subject to obtaining - to offsetting (income gained within civil agreements – regarding passive incomes, and also the income of the physical persons who are not individual entrepreneurs or notaries), the taxpayer during the accounting period.

2. The income the property which is subject to obtaining - to offsetting (income gained within civil agreements – regarding passive incomes, and also the income of the physical persons who are not individual entrepreneurs or notaries), the taxpayer within employment or civil contracts or on any other basis, and also the income which is subject to obtaining by it in natural (non-cash) form is considered.

3. The income which is subject to obtaining - to offsetting (income gained within civil agreements – regarding passive incomes, and also the income of the physical persons who are not individual entrepreneurs or notaries), in natural (non-cash) form, in comprehensive income is considered in the free (market) prices – according to the procedure, established by the Government of the Republic of Armenia.

4. The income which is subject to obtaining - to offsetting (income gained within civil agreements – regarding passive incomes, and also the income of the physical persons who are not individual entrepreneurs or notaries), physical persons in foreign currency is recalculated in dramas of the Republic of Armenia, proceeding from the average exchange rate created in the foreign exchange markets published by the Central bank of the Republic of Armenia in day of acquisition of right to their obtaining.

5. The income from sale apartment (including multipurpose) buildings, the subdivided building, the aloof territory (without the non-residential territories which are common ownership), in case of sale by physical person builder of individual apartment houses in residential quarters or complexes of buildings either apartments in them or other territories to other physical persons is estimated in the amount of, at least the cost determined for them in the procedure established by the law for the purpose of taxation on property.

Article 6. Deductions from the income

1. In sense of this Law as deductions from the income are considered:

1) the amount of the benefits paid according to the legislation of the Republic of Armenia, except for the sums determined by the Law of the Republic of Armenia "About temporary disability benefits and in connection with motherhood" the temporary disability benefits and benefits in connection with motherhood provided with paid employees independently own work;

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