Dividend calculator
How much of the company's profit actually reaches the owner — profit tax, dividend tax and the amount in hand. RA Tax Code, articles 125 and 150.
What are you starting from?
On turnover tax or micro-business? Those regimes replace profit tax, so pick the second option and enter the amount from your own books — the Tax Code sets no formula for distributable profit.
The calculation is for an individual shareholder. The income arises on the day the meeting decides to distribute (art. 109).
Total tax burden on the profit being distributed: —
To take this much home you need profit before tax of —
The company withholds the tax and pays it by the 20th of the following month (art. 158). No social payment and no stamp duty apply to dividends.
Distributing profit is the moment an error costs the most. We prepare the decision, the withholding and the report — and tell you in advance what it will cost.
We calculate the payout and file it Ask an accountantHow dividends are taxed in Armenia
Profit reaches the owner's pocket after two taxes. First the company pays profit tax — 18% of the tax base (RA Tax Code, article 125(1)). Then, when a dividend is paid out of the remaining distributable profit, income tax of 5% is withheld (article 150(8)).
Example: on ֏10,000,000 of profit the profit tax is ֏1,800,000, leaving ֏8,200,000 to distribute; the dividend tax is ֏410,000 and the owner receives ֏7,790,000. The combined tax burden is 22.1% of the profit.
The company computes and withholds the tax as a tax agent (article 152) and pays it to the budget by the 20th of the following month (article 158(1)). Dividends carry no social payment and no stamp duty.
A company on turnover tax or micro-business pays no profit tax (articles 253(1-2) and 269(1)), but the duty to withhold 5% on the dividend remains (articles 263(2) and 269(2)(2)). In that case take the distributable amount from your own books — the Tax Code sets no formula for distributable profit.
For a non-resident individual the rate is the same 5% (article 150(8)). A resident company deducts dividends received from its gross income, so no further tax arises (article 123(2)(1)). A dividend paid to a non-resident company is subject to 5% profit tax withheld at source (article 125(4)(3.1)). A double-tax treaty may lower the rate — treaty norms prevail (RA Constitution, article 5(3)).
What is the tax on dividends in Armenia?
Income tax of 5% is withheld from an individual's dividend (article 150(8)). The rate is the same for residents and non-residents and does not depend on the company's tax regime.
How much of ֏10 million of profit reaches the owner?
֏7,790,000 — after ֏1,800,000 of profit tax (18%) and ֏410,000 of dividend tax (5%). The combined burden is 22.1% of the profit.
When is the dividend tax due?
The company withholds it as a tax agent on payment and transfers it to the budget by the 20th of the following month, filing the income-tax return in the same period (articles 156 and 158).
Can the dividend tax be refunded?
Yes: if the dividend is reinvested into the charter capital of the same resident company within the same tax year, the tax paid is refunded, capped at the amount paid (article 159(4)). For profits of periods from 1 January 2025 there is no refund if the company has recorded violations. The procedure is set by the Government — ask an accountant about deadlines.
What changes for banks from 2027?
From 1 February 2027 dividends on banks' unlisted shares are taxed at 15% (ՀՕ-385-Ն). The law also reaches dividends distributed out of pre-2027 profits. For 2026 this calculator's rates apply.
Sources: RA Tax Code, articles 123, 125, 150, 152, 156, 158, 159. Rates as of 2026-08-01.