Armenia or Belarus: which taxes less?

Both tax systems side by side, headline rates and the gap between them.

Level pegging: Armenia and Belarus weigh about the same on the taxpayer.

Tax Armenia Belarus Gap
Corporate income tax headline rate 18% 20% −2.0 points
Personal income tax top bracket 20% 13% to 17% +3.0 points
VAT standard rate 20% 20% Same rate

Detailed schedules

Corporate income tax

Armenia

General regime 18%
High technology register on revenue, until December 31, 2031 1%

Belarus

Tax base up to 25 million BYN 20%
Tax base over 25 million BYN since 2024 25%
See the Armenia page See the Belarus page