Exchange of information on financial accounts scheduled for Sept 30,  2025 - RA State Revenue Committee 

ArmInfo. The State Revenue Committee (SRC) reports that Armenia has implemented the Organization for Economic Cooperation and Development (OECD) Standard for the  automatic exchange of financial account information for tax purposes,  within the framework of which the exchange of financial account  information will be implemented on September 30, 2025.

According to the source, the exchange will include information on the  accounts of foreign tax residents.

At the same time, for tax purposes, individuals who were in Armenia  for 183 days or more in a tax year, or whose center of vital  interests is in Armenia, are considered residents of the Republic of  Armenia. The center of vital interests is the place where the family  or economic interests of a person are concentrated. In particular, if  his home (place of residence of the family), the main personal or  family property or the place of main economic (professional) activity  are located in Armenia.

For a legal entity, the country of tax residence is the country in  whose competent authority it is registered or where its place of  actual management is located.

It is important to emphasize that the persons for whom the exchange  of information is supposed to be done are duly notified by the  relevant financial institution. If the said persons do not want to  exchange information about their accounts, the financial institution  terminates business relations with them or does not establish such  relations, and the tax authority does not exchange information about  the accounts.  We would like to remind you that the Republic of  Armenia, being a member of the Organization for Economic Cooperation  and Development (OECD), joined the Common Reporting Standard (CRS)  for the automatic exchange of financial information (AEOI) on  financial accounts in 2024. Tax authorities of the countries that  have implemented the standard will automatically exchange information  about the financial accounts of non-residents in financial  institutions based on the principle of reciprocity. Within the  framework of the standard, Armenia will automatically exchange  financial accounts of non-residents with approximately 120 countries  and geographic regions once a year based on the principle of  reciprocity.