Masters Hovo and Misak are tax exempt (video)

About 2000 self-employed people in Armenia are tax exempt in compliance wit the law on tax preferences for self-employed people which came into force on January 1, 2017.

Under the law, self-employed people engaged in 23 economic spheres, who do not have hired workers and whose earnings do not exceed AMD 9 million, are exempt from all types of taxes.

This category includes watchmakers, people who repair clothes and shoes, computers and washing-machines, and other household appliances as well as citizens who give private lessons.

To apply for tax exemption, self-employed persons need to submit applications to the tax agency mentioning the type of their activities and period of engagement in these activities.
For more details watch the video of Gyumri-based Tsayg TV