Below is a detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as measures of administrative burden in paying taxes.
| Tax or mandatory contribution | Payments (number) | Notes on Payments | Time (hours) | Statutory tax rate | Tax base | Total tax rate (% profit) | Notes on TTR |
|---|---|---|---|---|---|---|---|
| Corporate income tax | 1 | online filing | 121 | 20% | taxable profit | 19.55 | |
| Land Tax | 2 | 1% | cadastral value | 0.51 | |||
| Property tax on Building | 2 | 0.3% | cadastral value | 0.29 | |||
| Vehicle tax | 2 | varies | depends on horsepower | 0.02 | |||
| Environmental pollution charge for vehicles | 1 | AMD 50 per horsepower | engine of the vehicle (in horsepower) | 0.01 | |||
| Income tax (includes social security contributions - employees) | 1 | online filing | 103 | (i) 24.4% of monthly taxable income up to AMD 120,000; (ii) AMD 29,280 plus 26% of the monthly taxable income exceeding AMD 120,000; (iii) AMD 518,080 plus 36% of the monthly taxable income exceeding AMD 2,000,000. | gross salaries | 0.00 | |
| Value added tax (VAT) | 1 | online filing | 97 | 20% | value added, land sale | 0.00 | not included |
| Social security contributions - employees | 0 | paid jointly | 3% - 8% | gross salaries | .. | not included | |
| Totals: | 10.0 | 321.0 | 20.4 |
Notes:
Name of taxes have been standardized. For instance income tax, profit tax, tax on company's income are all named corporate income tax in this table.
The hours for VAT include all the VAT and sales taxes applicable.
The hours for Social Security include all the hours for labor taxes and mandatory contributions in general.