Market Taxation Guide - Armenia
This Market Taxation Guide (Armenia) provides the following details:
- Reference information about all taxes applied at source to securities deposited in Clearstream Banking1; and
- Instructions for obtaining relief at source or a refund of withholding tax, where these are available, through Clearstream Banking.
New and improved tax information and procedures that become available will be included on an ongoing basis.
Important note:
This Market Taxation Guide (including any attachments and other links) is for informational purposes only and is not intended and should not be considered to be legal advice on any subject matter. Readers of this Market Taxation Guide, whether customers or otherwise, should not act or refrain from acting on the basis of any information included in this Market Taxation Guide without seeking appropriate legal or other professional advice.
Withholding Tax
Debt securities | Holding restriction? | Withholding | Relief at | Quick | Standard |
Yes | 0% | ||||
Government bonds | n/a | n/a | n/a | ||
| Supranational and international financial institutional (IFI) bonds. | n/a | n/a | n/a | ||
Types of securities
The eligible securities issued in Armenia are as follows:
- Government bonds.
As per Tax Code Article 126, Section 5 and Article 149, Section 1, Point 1 Government debt issued by the Sovereign state of Armenia are tax exempt for non-residents.
- Supranational and international financial institutional (IFI) bonds.
as per Tax Code Article 126, Section 5.1, Point 2 and and Article 149, Section 4, Point 2 Corporate debt issued in Armenia by international financial institutions or supranational (IFIs) bonds listed at AMX with a maturity of 2 or more years are tax exempt for non-resident legal entities.
Any investor that must be taxed at a higher rate compared to the ones listed above are not allowed to hold Armenian securities with Clearstream Banking S.A. (refer to the Market Link Guide for details on holding restrictions)
Capital gains tax
Typically, there is no capital gains tax withheld through Clearstream Banking on securities held in Clearstream Banking. However, capital gains tax may be payable on specific gains. Clearstream Banking does not assist in this regard. Please consult your tax advisor for further information.
Stamp duty
There is no stamp duty withheld through Clearstream Banking on securities held in Clearstream Banking. Stamp duty may however be payable on specific transactions. Clearstream Banking does not assist in this regard. Please consult your tax advisor for further information.
-----------
1. “Clearstream Banking” refers collectively to Clearstream Banking S.A. and Clearstream Banking AG (for Clearstream Banking AG customers using Creation accounts).