Are you working in Armenia?
Get an estimate of your take-home pay after taxes using our calculator.
Monthly salary in AMD (90,000 - 9,999,999)
Disclaimer: This tax calculator is for informational and indicative purposes, and does not consider all sources of income apart from monthly salary, and is not intended to provide, and should not be relied on for tax, legal or accounting advice. Exness does not provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors at all times. This is not an official Exness document nor a job offer.
Frequently asked questions
Who is this calculator for?
This calculator may come in handy for those who are not familiar with the tax system in Armenia and want to calculate the net salary and basic taxes.
What is the minimum monthly salary in Armenia?
Based on the current laws, the minimum monthly net salary is 75,000 AMD.
What is Social Insurance?
From 1 July 2018, all employees born after 1 January 1974 should make funded social insurance payments (or pension contributions).
It’s calculated as follows:
If the monthly gross salary is less than 500,000 AMD: 5% of the monthly gross salary
If the monthly gross salary is more than 500,000 AMD: 10% of the monthly gross salary minus 25,000 AMD. The maximum threshold for the calculation of the pension contribution is 1,125,000 AMD.
What is the Army contribution?
It is a contribution to the insurance foundation of servicemen, which is withheld in the following manner:
Gross salary brackets (AMD per month)
Contribution amount (AMD per month)
How is the monthly tax calculated?
The individual income tax rate in Armenia is 20% of one’s monthly gross salary. Currently, there is a tax exemption in Armenia for employees of certified IT companies, which includes Exness. If you are employed by Exness in Armenia, your monthly tax is capped at 10% of your monthly gross salary.
How is tax residency determined, and what does it affect?
Individuals are considered as a tax resident in Armenia if:
They are physically present in Armenia for 183 days or more during the tax year (from 1 January to 31 December)
Their center of vital interests is in Armenia, or
They are in the civil service of Armenia.
Individuals who do not meet any of these conditions are considered as non-residents.
Please note that social security payments and army contributions are applicable only to Armenian citizens and residents (i.e. holders of residence permits).
How accurate are the calculations in this calculator?
The calculator should only be used as a guide on what deductions to expect from your salary as an Armenian resident working in Armenia.
Although we try to make sure that all values used in the calculation are up to date, we cannot guarantee its validity, and will not be held responsible for any mistakes or issues that arise with the use of this tool.