Armenian Minister for Labour and Social Affairs Artyom Asatryan said that the system of social payments from wages will be discontinued on January 1, 2013.
Income tax for a monthly wage of $294 will total 24.4%. Higher wages will have a tax rate of over 26%.
People without tax agents will have a rate of 24.4% and 26% for sums over and under $3530 a month respectively.
