Taxes on Renting Out an Apartment in Armenia: How Much to Pay and How to Report
If you rent out an apartment, you earn income that is subject to income tax. Here is the rate, what to do with the lease, and how to file the annual return.
Contents
What the rate is
An individual’s income from renting out property is taxed at 10%. If total rent received in a year exceeds AMD 60 million, an additional 10% is due on the excess. This is set out in Article 150(7) of the Tax Code of Armenia (current version, checked on 13 September 2026).
The tax is calculated on the rent you receive. A simple example: if you get AMD 250,000 a month, that is AMD 3 million of income a year and AMD 300,000 of tax.
If the tenant is a company
When a company or a sole proprietor rents the apartment, they act as a tax agent: they withhold the tax from the rent and pay it to the budget. The AMD 60 million threshold still counts all rental income for the year, including rent received from tax agents.
If a private person rents the apartment, you calculate and pay the tax yourself. This is the most common case, and it is what the rest of this article covers.
Lease registration or a notice to the tax authority
According to a January 2024 explanation by the State Revenue Committee (SRC), an owner has two options:
- sign a lease and register it with the Cadastre Committee;
- if the lease is not registered, file a notice with the SRC that the property has been rented out.
The notice must be filed within 5 days after the apartment is actually rented out. When the lease ends, you must report the end of the income within the same 5 days. You can do this at any SRC service center with your passport or ID card and your public services number, or online via e-request.am. If you don’t yet have a taxpayer identification number, it will be issued there. If you live abroad, you can also file online.
Fines
Since 1 December 2023, breaching the rental rules can lead to a fine of 5% of the apartment’s cadastral value, capped at AMD 500,000. A repeat breach within a year costs 10%, capped at AMD 1 million (SRC announcement, December 2023).
The fine does not apply if the lease is registered, if you filed the notice with the SRC on time, or if you calculated the tax on your rental income as required. Note that the notice to the tax authority is for tax purposes only and does not replace registration of rights under the lease.
Annual return and payment
Individuals file their annual income tax return through the Unified Electronic Services System for Individuals. Armenian citizens log in through the “Yes em” system with an ID card or mobile signature; foreigners use their taxpayer number and a password, with access granted in advance by the SRC.
In the section for income from persons who are not tax agents, you enter the total rent for the year, and the system calculates the tax automatically. If the total exceeds AMD 60 million, the excess goes into a separate field and the additional tax is calculated automatically as well.
Deadlines: for 2023, the SRC reminded taxpayers to file the annual return by 1 May 2024. Check the exact filing and payment deadlines for 2026 on src.am or at a service center, as tax rules are updated regularly.
- Once the apartment is rented, register the lease or notify the SRC within 5 days.
- Keep records of every payment from the tenant.
- After the year ends, file the return and enter the total rent.
- Pay the tax by the deadline.
- When the lease ends, report the end of the income within 5 days.
Key points
- Rental income tax for individuals is 10% of the rent, plus another 10% on annual rent above AMD 60 million.
- Register the lease with the Cadastre or notify the SRC within 5 days.
- The fine is 5% of the cadastral value, up to AMD 500,000; for a repeat breach, up to AMD 1 million.
- The annual return is filed online, and the system calculates the tax automatically.
- Check this year’s deadlines on src.am.
