WorldTax Compareโ† All Comparisons

Armenia vs Belize
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

๐Ÿ‡ฆ๐Ÿ‡ฒ Armenia
vs
๐Ÿ‡ง๐Ÿ‡ฟ Belize
Tax Year:

๐Ÿ’ฐ Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country โ€” side by side.

Enter your annual income above to see your personal tax comparison โ†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
20%
Flat 20%; tech hub status attracting IT workers
No change
0โ€“25%
25% top; fiscal diversification from oil
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
20%
20% stable
No change
12.5%
GST 12.5% maintained
No change
Corporate Tax Rate
Corporate Tax Rate
18%
18%; tech incentives; Pillar Two considerations
No change
1.75โ€“19%
Business tax system; Pillar Two reform discussions
No change
Capital Gains Tax
Capital Gains Tax
10%
10% maintained
No change
0%
No CGT
No change
Social Security & Payroll
Social Security / Payroll
~21.5%
Pension system maturing
No change
~8%
SSB reform; social protection expanding
No change
State, Regional & Local Taxes

๐Ÿ‡ฆ๐Ÿ‡ฒ Armenia โ€” Community & Municipal Taxes

Armenia's 930 communities (hamaynkner) levy local taxes including land tax and property tax within frameworks set by the Tax Code. Yerevan, as a metropolis divided into 12 administrative districts, has the highest commercial property values. The State Revenue Committee (SRC) administers all national taxes. Armenia has an EU-associated trade agreement (CEPA) and maintains CIS links with Russia. A flat income tax replaced progressive rates in 2020. Significant diaspora investment affects the fiscal landscape.

๐Ÿ‡ง๐Ÿ‡ฟ Belize โ€” Municipal & Town Council Taxes

Belize's 6 districts and municipal/town councils levy property tax, business tax (turnover-based), and trade licences. Belize has a unique business tax system โ€” a turnover-based tax (1.75%โ€“19% of gross revenues by sector) instead of a traditional profit-based corporate income tax. Belize is a former British colony using English common law. It's a tourism-dependent economy with growing offshore financial services and a significant Belizean diaspora. The country has been working to exit grey lists and improve tax transparency.

โš ๏ธ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025โ€“2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Armenia vs Belize: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ง๐Ÿ‡ฟ Belize has a higher top income tax rate (20% vs 0โ€“25%). ๐Ÿ‡ฆ๐Ÿ‡ฒ Armenia is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Armenia has a higher consumption tax (20% vs 12.5%).

๐Ÿข Corporate Tax: ๐Ÿ‡ฆ๐Ÿ‡ฒ Armenia offers a lower corporate rate (18% vs 19%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡ง๐Ÿ‡ฟ Belize taxes investment gains at a lower rate (0% vs 10%), benefiting investors.

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