YEREVAN, July 24. /ARКА/. At a meeting on Thursday, the Armenian government approved a list of stock exchanges whose listing status will be taken into account when applying a differentiated taxation system for dividends on bank shares.
From July 1 to December 31, 2026, a differentiated procedure for calculating state duty will also be provided for such dividends, according to the government decision.
The list includes 42 exchanges from Armenia, several EU countries, Asia, Russia, the United States, Canada, Australia, and New Zealand.
As noted in the rationale for the decision, amendments and additions are currently being made to the Tax Code of Armenia and the Law “On State Duty,” providing for a revision of the approaches to taxation and calculation of state duty on dividends received on shares, as well as on bank equity stakes and units.
According to the amendments under discussion, the income tax rate and non-resident profit tax on dividends paid by banks will be 15% if they are received on shares issued by banks that are not listed on stock exchanges from the list approved by the Armenian government.
Furthermore, dividends received by resident taxpayers from banks on shares not listed on stock exchanges from the list approved by the government will be taxed at a rate of 15%.
