Armenia and Conventions to Avoid Double Taxation
Since 1994, shortly after its independence, Armenia signed tax treaties to avoid double taxation of income and profits with 27 countries. In many ways these efforts reflect the expansion in economic activity in Armenia, and the flow of foreign investments. Tax treaties deal with problems that arise when residents, individuals and business entities, of one nation earn income in another country. More specifically, these agreements set out a framework for the tax treatment of income and profits flowing between Armenia and treaty partner countries....