Good news for the Armenian startup community!
The National Assembly has approved a law on "State Support for the High-Tech Sector" with several important changes.
The package envisions providing over $80 million in annual support to technology sector companies in terms of tax benefits covering income tax, corporate tax, and turnover tax. Beneficiaries include micro, small, medium, and large businesses, as well as relocated and subsidiary companies, branches, and other legal entity divisions. Sole entrepreneurs are also eligible beneficiaries.
Here's what's new:
1) Boosting R&D: Resident companies paying corporate profit tax can reduce taxable income by 200% of salaries paid to R&D specialists.
2) Incentives for Hiring New Talent: Companies hiring new employees will receive 60% of the new employee’s income tax as state support for three years.
3) Turnover Tax Reduction: Entrepreneurs and high-tech companies with turnover of up to $280k/year (AMD 115M) will benefit from a reduced tax rate of 1% (vs 5%).
4) Support for Relocants (Work Migrants): Starting Jan 1, 2026: 60% income tax reimbursement to relocants. For 2025: Same support extended to companies employing them.
Sources: Vice President of National Assembly Hakob Arsakhyan - See original post here and Advisor to VP of NA Sergey Muradyan - See the post here
#PolicyUpdates #StateSupport #Incentives
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The National Assembly has approved a law on "State Support for the High-Tech Sector" with several important changes.
The package envisions providing over $80 million in annual support to technology sector companies in terms of tax benefits covering income tax, corporate tax, and turnover tax. Beneficiaries include micro, small, medium, and large businesses, as well as relocated and subsidiary companies, branches, and other legal entity divisions. Sole entrepreneurs are also eligible beneficiaries.
Here's what's new:
1) Boosting R&D: Resident companies paying corporate profit tax can reduce taxable income by 200% of salaries paid to R&D specialists.
2) Incentives for Hiring New Talent: Companies hiring new employees will receive 60% of the new employee’s income tax as state support for three years.
3) Turnover Tax Reduction: Entrepreneurs and high-tech companies with turnover of up to $280k/year (AMD 115M) will benefit from a reduced tax rate of 1% (vs 5%).
4) Support for Relocants (Work Migrants): Starting Jan 1, 2026: 60% income tax reimbursement to relocants. For 2025: Same support extended to companies employing them.
Sources: Vice President of National Assembly Hakob Arsakhyan - See original post here and Advisor to VP of NA Sergey Muradyan - See the post here
#PolicyUpdates #StateSupport #Incentives
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🔥 Join 3N to stay on top of startup news