[ armenia - property tax ]

Object of Taxation and Taxable Base

Property tax applies to individuals, legal persons and enterprises without the status of a legal person who own property in the territory of the RA with the exception of institutions funded from the State budget, the Central Bank and local government bodies. The following items are taxable:
  • dwelling buildings, houses, flats, cottages, garages;
  • motor vehicles;
  • means of water transport.
The value of a building is considered as the taxable base. The engine power (horsepower or kilowatt-power) is considered as the taxable base of means of transport.

Rates

Property tax for buildings is calculated at the following annual rates: a) public and industrial buildings owned by legal entities- 0.6 %;
b) garages and cottages owned by individuals - 0.2 %;
c) other dwelling buildings as follows:
Taxable base (AMD) Tax rate (%) Plus Additional fixed amount (AMD)
0 - 3.000,000 0 0
3.000,000 - 10.000,000 0,1 100
10.000,000 - 20.000,000 0,2 7,100
20.000,000 - 30.000,000 0,4 27,100
30.000,000 - 40.000,000 0,6 67,100
40.000,000 upwards 0,8 127,100
Property tax for motor transport means is calculated at the following annual rates: a) passenger automobiles having up to 10 seats:
  • 200 AMD/horsepower, if taxable base is less than 120 horsepower;
  • 400 AMD/horsepower, if taxable base is from 120 to 250 horsepower;
  • 500 AMD/horsepower, if taxable base is more than 250 horsepower.
b) passenger automobiles having 10 or more seats and trucks:
  • 100 AMD/horsepower, if taxable base is less than 200 horsepower;
  • 200 AMD/horsepower, if taxable base is 200 or more horsepower.
100% of property tax is applied to motor vehicles, manufactured within the last 3 years. For each additional year the property tax is reduced by 10%, but the total reduction cannot exceed 50% of the tax amount defined above.

Returns and Payments

Legal persons shall submit quarterly property tax calculations to the Tax Inspectorate by the 25th of the month directly following the reporting quarter, and annual calculations – by February 25th of the year directly following the reporting year. Legal persons must pay the property tax within 5 days following the deadlines for submission of quarterly and annual reports. Individuals shall submit property tax calculations before October 1st and pay before December 1st of the reporting year.
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