On 18 March 2019, a draft law on amendments to Armenia's Tax Code was reportedly submitted to parliament. Amendments include:

• A reduction in the corporate tax rate from 20% to 18%;
• A reduction of the dividend withholding tax from 10% to 5%;
• The repeal of the patent fee (license payment) regime that applies for certain business types;
• The introduction of a new micro-enterprise regime; and
• The r…