ArmInfo.On March 24, at a meeting, the Government of Armenia approved the draft law "On the Ratification of the Protocol on Amendments to the Convention on the Exclusion of Double Taxation in the Line of Income and Property Tax between the Republic of Armenia and the Swiss Confederation of June 12, 2006", signed on November 12, 2021 in Yerevan.
It should be reminded that the document was signed by Armenian Minister of Finance Tigran Khachatryan and Charge d'Affaires of the Swiss Confederation in Armenia Stefan Kloetzli. The agreement provides for establishing that dividends will be taxed at preferential rates, in particular, it provides for raising the threshold for participation in the context of applying a preferential rate from 25% to 50% and lowering the taxation rates for dividends, setting them respectively 0-5% in case of investment.
Armenia has entered into agreements on the exclusion of double taxation with 50 countries of the world.
