Armenia

Ease of Doing Business in

Armenia

This page summarizes Doing Business 2014 data for Armenia. The first table lists the overall "Ease of Doing Business" rank (out of 189 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region Europe & Central Asia
Income Category Lower middle income
Population 2,969,081
GNI Per Capita (US$) 3,720
City covered Yerevan
Doing Business 2014 Rank Doing Business 2013 Rank*** Change in Rank
37 40 down 3

Doing Business 2014 DTF** (% points) Doing Business 2013 DTF** (% points) Change in DTF** (% points)
68.21 67.74 down 0.47
Positive=Doing Business reform making it easier to do business. Negative=Doing Business reform making it more difficult to do business.
 

Paying Taxes

Info

This data shows the tax that a medium-size company must pay or withhold in a given year, as well as measures of the administrative burden in paying taxes. These measures include the number of payments an entrepreneur must make; the number of hours spent preparing, filing, and paying; and the percentage of their profits they must pay in taxes.

DB 2014 Rank 103 DB 2013 Rank*** 112 Change in Rank up9
DB 2014 DTF** (% points) 70.80 DB 2013 DTF** (% points) 69.16 Change in DTF** (% points) up1.64
Indicator Armenia Europe & Central Asia OECD

The total number of tax payments per year. The indicator reflects the total number of taxes and contributions paid, the method of payment, the frequency of payment and the number of agencies involved for a standardized case during the second year of operation.

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Payments (number per year)
10 26 12

The time it takes to prepare, file and pay (or withhold) the corporate income tax, the value added tax and social security contributions (in hours per year).

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Time (hours per year)
380 246 175

The amount of taxes on profits paid by the business as a percentage of commercial profits.

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Profit tax (%)
15.0 9.0 16.1

The amount of taxes and mandatory contributions on labor paid by the business as a percentage of commercial profits.

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Labor tax and contributions (%)
23.0 22.6 23.1

The amount of taxes and mandatory contributions paid by the business as a percentage of commercial profit that are not already included in the categories of profit or labor taxes.

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Other taxes (%)
0.9 7.0 2.0

The total tax rate measures the amount of taxes and mandatory contributions payable by the business in the second year of operation, expressed as a share of commercial profits.

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Total tax rate (% profit)
38.8 38.7 41.3
Tax or mandatory contribution Payments (number) Notes on Payments Time (hours) Statutory tax rate Tax base Total tax rate (% profit) Notes on TTR
Social security contributions 1 online filing 162 (i) AMD 7,000 for first AMD 20,000 of monthly salary; (ii) AMD 7,000 plus 15% of the monthly salary exceeding AMD 20,000; (iii) AMD 19,000 plus 5% of the monthly salary exceeding AMD 100,000 gross salaries 23.0
Corporate income tax 1 online filing 121 20% taxable profit 15.0
Land Tax 2 1% cadastral value 0.5
Property tax on Building 2 0.3% cadastral value 0.3
Vehicle tax 2 varies depends on horsepower 0
Environmental pollution charge for vehicles 1 AMD 50 per horsepower engine of the vehicle (in horsepower) 0
Value added tax (VAT) 1 online filing 97 20% value added, land sale .. not included
Totals: 10 380 38.8

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the topics including Getting Electricity across all economies included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

***Last year's rankings are adjusted: they are based on 10 topics and reflect data corrections.

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