Translated with AI from the Russian original.
The Armenian government has approved a list of stock exchanges whose listings will be considered when applying new rules for taxing dividends on bank shares. The decision is related to changes in tax legislation, which provide for different approaches to calculating taxes and state duties.
The list includes 42 stock exchanges from Armenia, European Union countries, Asia, Russia, the USA, Canada, Australia, and New Zealand. The presence or absence of bank shares in the listing of these platforms will be one of the factors in determining the tax burden on dividend recipients.
According to the new rules, which are planned to be applied from July 1 to December 31, 2026, dividends on bank shares not included in the listing of approved exchanges may be taxed at a rate of 15%. A similar rate is provided for certain payments to non-residents and residents for dividends from bank shares not presented on recognized stock exchanges.
