Armenia

Currency
Armenian dram (AMD)
Payroll Frequency
Monthly
Employer Taxes
0.0%

About 

Armenia

Armenia is a landlocked, highland nation located in western Asia but considered culturally European. It is a developing nation with an economy mainly based on industry and mineral extraction.

Overview

Population
2.958 million
Language
Armenian
Capital
Yerevan
Currency
Armenian dram (AMD)
Country code
+374
Min wage
406 AMD per hour
Working hours
8 hours per day
Weekdays
Monday to Friday
Work hours per week
40 hours per week

Payroll

Cycle

Monthly

Avg employer tax

0%

Taxation

Tax breakdown - Employer

N/A

VAT

20%

Holidays / PTO

Public holidays in 2024
  • 1 Jan to 4 Jan: New Year Holiday
  • 6 Jan to 7 Jan: Armenian Christmas Holiday
  • 28 Jan: National Army Day
  • 8 Mar: International Women's Day
  • 18 Apr: Easter Monday
  • 24 Apr: Armenian Remembrance Day
  • 1 May: Labor Day
  • 9 May: Victory and Peace Day
  • 28 May: 1st Republic Day
  • 5 Jul: Constitution Day
  • 21 Sep: Independence Day
  • 31 Dec: New Year's Eve
Sick days

From day two to day five of an illness, employers must pay sick leave. From day six onward, social insurance covers the payments. Employees are entitled to full benefits provided they are absent for under 120 successive days or 140 days within a year.

Maternity leave
  • Paid maternity leave is 140 days (70 during pregnancy and 70 post-birth), which increases by 15 extra post-birth days in the case of complications or by 40 extra post-birth days in the case of multiple births.
  • Maternity pay is 100% of the mother's average monthly earnings.
Paternity leave
  • In Armenia, paternity leave is five days paid, which must be taken within the first 30 days post-birth.

Termination

Termination Process

Employers must provide notice and have a valid reason for termination.

Notice Period

Notice periods are dependent on the employee's length of service:

  • Under 1 year – 14 days’ notice
  • Between 1 and 5 years – 35 days’ notice
  • Between 5 and 10 years – 42 days’ notice
  • Over 10 years – 60 days’ notice
Severance Pay

If the termination is for a company-related reason (e.g. downsizing), then the severance pay will equal the employee's average monthly salary. If the termination is employee-related (e.g. long-term disability) then their length of service determines the amount:

  • Under 12 months – 10x average daily salary
  • Between 1 and 5 years – 25x average daily salary
  • Between 5 and 10 years – 30x average daily salary
  • Between 10 and 15 years – 35x average daily salary
  • Over 15 years – 44x average daily salary
Probation Period

Probation periods are set out in the employment contract, with the standard being three months. Either party can terminate the contract during the probation period with three days' notice.

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Tax Calculation

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AR
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Employer cost
Total monthly cost of employment
GBP 9,633
Gross monthly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net monthly salary
GBP 5,137
Gross monthly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Employer cost
Total yearly cost of employment
GBP 9,633
Gross yearly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net yearly salary
GBP 5,137
Gross yearly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Request a detailed quotation

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Armenia

العملة
Armenian dram (AMD)
تردد الرواتب
Monthly
ضرائب أصحاب العمل
0.0%

عن 

Armenia

Armenia is a landlocked, highland nation located in western Asia but considered culturally European. It is a developing nation with an economy mainly based on industry and mineral extraction.

ملخص

التركيبة السكانية
2.958 million
اللغة
Armenian
العاصمة
Yerevan
العملة
Armenian dram (AMD)
رمز الاتصال الدولي
+374
الحد الأدنى للأجور
406 AMD per hour
ساعات العمل
8 hours per day
أيام الأسبوع
Monday to Friday
ساعات العمل اسبوعيا
40 hours per week

الرواتب

موعد صرف الرواتب

Monthly

متوسط ​​ضريبة صاحب العمل

0%

تحصيل الضرائب

التوزيع الضريبي - صاحب العمل

N/A

ضريبة القيمة المضافة

20%

العطل / PTO

العطلات الرسمية في عام 2024
  • 1 Jan to 4 Jan: New Year Holiday
  • 6 Jan to 7 Jan: Armenian Christmas Holiday
  • 28 Jan: National Army Day
  • 8 Mar: International Women's Day
  • 18 Apr: Easter Monday
  • 24 Apr: Armenian Remembrance Day
  • 1 May: Labor Day
  • 9 May: Victory and Peace Day
  • 28 May: 1st Republic Day
  • 5 Jul: Constitution Day
  • 21 Sep: Independence Day
  • 31 Dec: New Year's Eve
الإجازات المرضية

From day two to day five of an illness, employers must pay sick leave. From day six onward, social insurance covers the payments. Employees are entitled to full benefits provided they are absent for under 120 successive days or 140 days within a year.

إجازة الأمومة
  • Paid maternity leave is 140 days (70 during pregnancy and 70 post-birth), which increases by 15 extra post-birth days in the case of complications or by 40 extra post-birth days in the case of multiple births.
  • Maternity pay is 100% of the mother's average monthly earnings.
إجازة الأبوة
  • In Armenia, paternity leave is five days paid, which must be taken within the first 30 days post-birth.

إنهاء العقد

عملية الإنهاء

Employers must provide notice and have a valid reason for termination.

فترة الإشعار

Notice periods are dependent on the employee's length of service:

  • Under 1 year – 14 days’ notice
  • Between 1 and 5 years – 35 days’ notice
  • Between 5 and 10 years – 42 days’ notice
  • Over 10 years – 60 days’ notice
مكافأة نهاية الخدمة

If the termination is for a company-related reason (e.g. downsizing), then the severance pay will equal the employee's average monthly salary. If the termination is employee-related (e.g. long-term disability) then their length of service determines the amount:

  • Under 12 months – 10x average daily salary
  • Between 1 and 5 years – 25x average daily salary
  • Between 5 and 10 years – 30x average daily salary
  • Between 10 and 15 years – 35x average daily salary
  • Over 15 years – 44x average daily salary
فترة الاختبار

Probation periods are set out in the employment contract, with the standard being three months. Either party can terminate the contract during the probation period with three days' notice.

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حساب الضريبة

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AR
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تكلفة صاحب العمل
إجمالي تكلفة التوظيف الشهرية
GBP 9,633
إجمالي تكاليف الراتب الشهري
GBP 8,334
الضرائب والمساهمات المقدرة
GBP 8,334
تكلفة الموظف
صافي الراتب الشهري
GBP 5,137
الراتب الشهري الإجمالي
GBP 8,334
الضرائب المقدرة والضمان الاجتماعي
GBP 8,334
Employer cost
إجمالي تكلفة التوظيف السنوية
GBP 9,633
إجمالي تكاليف الرواتب السنوية
GBP 8,334
الضرائب والمساهمات المقدرة
GBP 8,334
Employee cost
صافي الراتب السنوي
GBP 5,137
الراتب السنوي الإجمالي
GBP 8,334
الضرائب المقدرة والضمان الاجتماعي
GBP 8,334
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