Armenia or Ukraine: which taxes less?

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

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

Tax Armenia Ukraine Gap
Corporate income tax headline rate 18% 18% Same rate
Personal income tax top bracket 20% 19.5% +0.5 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%

Ukraine

General rate 18%
Financial institutions Excluding insurance, from 2025 25%
Banks Temporary profit tax 50%
See the Armenia page See the Ukraine page