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Armenia Introducing Incentives for Employment in the IT Sector

|Approved Changes|Armenia
Armenia

The Armenian Government has reportedly approved the introduction of an employee tax incentive for the IT sector. The incentive provides a 50% individual income tax deduction for each employee of new and existing IT sector businesses, subject to the following conditions:

  • At least 90% of income is derived from IT activities or, if no income has been received, at least 90% of the employees are IT…

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