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Armenia Sees Significant Increase in Individuals Subject to Mandatory Taxation, Reports NEWS.am

According to official information from the Committee of State Revenues of the Republic of Armenia, the number of individuals subject to mandatory taxation increased by 4.7% compared to May 2023, reaching a total of 752,260 employees of registered entities as of the end of May 2024. This data was reported by NEWS.am, citing the Ministry of Economy of the Republic of Armenia.

The tax base, which refers to the total salary amount, amounted to AMD 296,690, showing a 6.7% increase. The overall tax base reached AMD 223.2 billion, indicating an 11.7% increase.

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