ArmInfo. In 2025, Armenia began exchanging non-resident financial account information for tax purposes for the first time on a reciprocal basis with 47 of the more than 120 countries that have joined the automatic exchange system initiated by the Organization for Economic Cooperation and Development. This was reported by the State Revenue Committee of the Republic of Armenia.
According to the source, today, September 30, marks the end of the data exchange for this year. In subsequent years, the list of countries subject to exchange will be expanded and supplemented by those countries that have not yet selected Armenia as a partner country in 2025.
As a reminder, in 2023, Armenia ratified the multilateral agreement between competent authorities "On the Automatic Exchange of Financial Account Information," adopted by the OECD Global Forum, the provisions of which are implemented through the Common Reporting Standard.
The automatic exchange of information applies to all non-resident taxpayers (individuals and organizations) holding financial accounts with commercial banks and investment companies in the Republic of Armenia.
The reporting financial institution is required to notify or publicly disclose to the person opening or holding the financial account the need to provide information to the tax authority.
Armenia will automatically exchange information on the financial accounts of non-resident taxpayers held with Armenian financial institutions with the tax authorities of the account holders' countries of tax residence. Information on the financial accounts of Armenian tax residents held with financial institutions in partner countries will be reciprocally provided to the State Revenue Committee of the Republic of Armenia. This information is available only to the tax authorities and will not be made available to any other government agencies.
Reporting financial institutions are required to submit information to the tax authority on newly opened and existing financial accounts of non-residents. In the case of the Republic of Armenia, new financial accounts are defined as accounts opened with the reporting financial institution after January 1, 2024, regardless of the amount of the financial account. Active accounts are financial accounts opened with a reporting financial institution as of December 31, 2023. There is no account balance threshold for individuals, while active legal entities are liable if the total balance on their financial accounts as of December 31 of the reporting year exceeds USD 250,000 or the equivalent in AMD or other foreign currency. Data on citizens of the Republic of Armenia is not subject to exchange.
