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.
