Amendments to Armenia's Tax Code were adopted in the National Assembly on 25 June 2019 and signed into law on 27 June. The amendments provide for several important changes, including:

• A reduction in the corporate tax rate from 20% to 18%;
• The introduction of a 5% tax rate (withholding tax) for non-resident dividend income (down from the general 10% rate for passive income);
• The repeal of the p…