Sectorial Brochure Agri-Food Sector of Armenia/BA | Page 8

GOVERNMENT SUPPORT
Taxes
£ VAT (Value Added Tax) payments’ postponement for up to 3 years for importing
equipment and goods within investment programs
£ 0% VAT for more than 230 product groups imported to Armenia
£ Up to 30% profit tax reduction for new jobs created within business projects in the
5 reporting years following the year of launch
£ Customs duty exemption for materials and equipment/technology imported
from non-EAEU countries that cannot be replaced by materials and equipment/
technology produced by EAEU countries within investment programs
£ There is no income tax liability for agro-processing sector entities purchasing
agricultural raw materials from individuals who cultivate agricultural products
There are 3 Free Economic Zones (FEZ) in Armenia: Alliance (specialized in ICT,
engineering and pharmaceuticals), Meghri (on the Armenian-Iranian border with no
sector limitations), and Meridian (specialized in jewelry making). Residents of FEZ are
exempt from all taxes except payroll taxes. There are also on site “one stop” services and
custom registrations
Tax exemption in FEZ
£ VAT - 0%
£ Profit tax - 0% (only employees’ compensation)
£ Property tax - 0% (property includes all tangible real estate property: house,
o ce building and property rented to others)
£ Corporation income tax - 0% (tax imposed on the net income of the company)
£ Customs duty - 0%
Sector-specific regulations
Food processing
Profit tax
Impor ng du es
Expor ng du es
VAT
20%
Depends on products
/0% for EAEU/
0%
20%
Excise tax n/a
Licensing requirements no
Regula ve body
SSFS*
Produc on of
beverages
20%
Depends on products
/0% for EAEU/
0%
20%
For the distribu on of
alcoholic beverages
For the distribu on of
alcoholic beverages
SSFS*
*The State Service for Food Safety
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