By a decision of November 3, 2026 the refinancing rate was raised by 0.25 points to 7.00%; the Lombard repo rate is 8.50% and the deposit rate 5.50%. The previous increase, to 6.75%, was on September 15, 2026.
The benchmark return on dram deposits and mortgages is higher; tax rates do not change.
Registering title on the e-government portal: a service fee of AMD 50,000 and a state duty of AMD 3,000; fast track from AMD 100,000 to 300,000. Home mortgages are issued in drams, but a non-resident individual may get one in foreign currency (Article 7 of the Law on Currency Regulation); bringing currency in and out is not restricted. From November 1, 2026 the fee for a temporary residence permit rises from AMD 105,000 to 150,000 and for a permanent one from AMD 140,000 to 250,000; buying property is not a ground for a residence permit.
Registration costs about AMD 53,000; the yield does not change.
The apartment tax is calculated from a cadastral value close to market value (Law HO-332-N, from January 1, 2021): 0.05% up to AMD 10 million, then steps of 0.1, 0.2, 0.4, 0.6 and 1%, and 1.5% on the excess above AMD 200 million. Transitional shares ran from 25% (2021) to 75% (2025); from 2026 the share is 100%. A transaction is not registered while property tax is owed.
An apartment worth AMD 40 million: 20,000 plus 0.2% × 15 million = AMD 50,000 a year (about 0.13%).
The double taxation treaty entered into force on July 3, 2000. Income from letting and selling property may be taxed by the country where the property is located (Articles 6 and 13); interest is taxed in the source country at no more than 10%, dividends at 5% (holding of 25% or more) or 10%. An Armenian resident pays tax on worldwide income, and foreign tax is credited up to the amount of Armenian tax.
An Armenian with an apartment in Georgia: the Georgian 5% on rent is credited; in Armenia the top-up is to the Armenian rate.
According to Armenia’s national e-government portal, the tax rate on interest from bank deposits is 10%; interest on deposits and bonds is taxed at 10%. Interest and discount on government bonds are exempt, and coupons on bonds listed on the Armenian stock exchange are exempt.
Deposit 10%, government bonds 0%, corporate bonds 0% if listed and 10% if not.
Income from selling shares, investment securities and investment fund units is exempt. Dividends are taxed at 5%, and dividends on shares listed in Armenia are exempt. Under Law HO-385-N of July 28, 2026, dividends on unlisted bank shares are taxed at 15% from February 1, 2027.
A fund in Armenia: 0%.
The sale of ordinary property by an individual to an individual is exempt; a 10 or 20% rate applies if the buyer is a tax agent.
Selling an apartment in Armenia to an individual: 0%.
From August 30, 2026 the cadastre will not register a sale until the seller pays the property tax on it. From January 1, 2027 apartment owners do not pay tax on their share of land and common areas (Law HO-407-N).
Property tax is slightly lower from 2027; check the seller's tax debt before buying.
The 10% rate on rental income has applied since January 1, 2020 (Article 150(7) of the Tax Code), with another 10% on the part of annual income above AMD 60 million. A letting must be reported within 5 days; the fine is 5% of the cadastral value (no more than AMD 500,000). From June 1, 2027 the same rates apply to letting through a manager (Law HO-391-N). The annual return for 2025 is due by November 1, 2026; for 2026 and later years, from March 2 to July 1 of the following year.
Nothing; the Armenian rate matches.