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14.3. Calendar of Important Compliance Events

Tax Year

The tax year in Armenia is the calendar year.

Tax Return Filing

From 1 January 2018, resident entities and branches and PEs of non-resident entities are required to file their corporate income tax  returns by 20 April of the following year .

Tax Payments

From 1 January 2018, the balance corporate income tax  payment due by resident entities and branches and PEs of non-resident entities by 20 April following the tax year.

From 1 January 2018, advance tax payments are required to be made by the 20th day of the end of each quarter. Each prepayment is equal to 20% of the corporate income tax paid for the previous reporting period. The advance tax payment for the first quarter (January to March) is calculated  based on the last filed tax return and an adjustment is made in the first advance tax payment made after the previous year’s tax is calculated to correct the amount paid. If advance payments exceed the corporate income tax liability for the year, the excess may be refunded.

The branch or PE of a foreign entity is required to pay advance tax bi-annually if their income of the preceding year exceeded AMD 2 million.

From January 2017, quarterly corporate income tax advance payments based on an alternative method are also allowed, which are calculated at 2% of the revenue generated in the previous quarter. Taxpayers wishing to apply the alternative method are required to submit an application to that end  by 20 March of the corresponding year. Quarterly payments under the alternative method are due by the 20th day of the last month of each quarter.

COVID-19 Emergency Measures

In response to the COVID-19 pandemic, Armenia announced the suspension of the compulsory collection of tax liabilities not exceeding AMD 1.5 million, during the state of emergency and for an indefinite period thereafter. Any liabilities not collected under these proceedings will be transferred and added to the liabilities of the following periods. Once the liabilities total up to AMD 1.5 million, collection of such liabilities will be launched within new administrative proceedings by the tax authority and will be further enforced in the manner prescribed by the laws of Armenia.

On 16 June 2020,Armenia exempted companies from making advance payments for the second quarter of 2020. From the third quarter of 2020, the most favourable method for the determination of the amount of advance tax payment will apply automatically, which is either 20% of the corporate tax for the previous year or 2% of revenue as per the results of the previous quarter.

Availability of E-Filing

E-filing is available: https://file- online.taxservice.am/pages/loginPage.jsf