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Armenia Extends Tax Incentives for IT Start-Ups

|Approved Changes|Armenia
Armenia

On 16 December 2022, the Armenian parliament approved a law for the extension of tax incentives for IT start-ups. First introduced in 2015, the incentives include a corporate income tax exemption (0% rate) and a 10% income tax rate for employees. To qualify, a start-up must be engaged in certain IT activities, including software development, computer technology consulting, computer system manag…

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