Japan's Ministry of Finance has announced the signing of a new income tax treaty with Armenia on 26 December 2024. The new treaty replaces the 1986 tax treaty between Japan and the former Soviet Union as it applies in respect of Japan and Armenia. Taxes Covered The treaty covers Armenian profit tax and income tax, and covers Japanese income tax, corporation tax, special income tax for reconstruction, local corporation tax, and local inhabitants tax. Residence If a person other than an individual is considered resident in both Contracting States, the competent authorities of both States will determine its residence for...