Overview

Capital
Yerevan
Currency
Dram
Date Format
dd/mm/yyyy

Taxes

Employer

Employer Payroll Tax

0.0%
Pension
0.0% Total Employment Cost
Employee

Employee Payroll Taxes

2.5%
Pension Fund - if it is less than AMD 500,000.
10%
Pension Fund - if the monthly gross salary is more than AMD 500,000.
2.5% Total Employee Cost

Employee Income Tax

23%
Flat Rate
Employee taxes
3 HIGHEST
3 LOWEST
Romania
Macedonia
Netherlands
Armenia
Georgia
Belarus
Ukraine
45%
28%
27.65%
2.5%
2%
1%
0%

Minimum Wage

General

The minimum wage is 406 Drams per hour and 68,000 Drams a month.

Minimum wage (per month)
$4000
$2491
$2391
$140
$36.80
$22
$2.33
Geneva
Australia
Luxembourg
Armenia
Angola
Uzbekistan
Venezuela
3 HIGHEST
3 LOWEST

Payroll

Payroll Cycle

Salaries are paid on a monthly basis. Payday is the 15th of the following month.

13th Salary

13th salary is not required by law.

Working Hours

General

Fulltime employment is considered 40 hours weekly, and 8 hours daily.

Overtime

Employees earn 150% of their normal hourly rate for each hour of overtime work. Employees earn 130% of their normal hourly rate for each hour of night work.

Leave

Paid Time Off

The minimum annual leave is 20 working days for a five-day working week and 24 working days for a six-day working week.

Extended annual leave of up to 25 working days for a five-day working week, or 30 working days for a six-day working week (in exceptional cases, 35 working days for a five-day working week, or 42 working days for a six-day working week) is given to employees in working conditions, deemed stressful or high risk.

Vacation days
Public holidays
3 HIGHEST
3 LOWEST
Brazil
Peru
Georgia
Armenia
Malaysia
China
Federal
30
13
43
30
12
42
24
17
41
20
14
34
8
6
14
5
7
12
10
10
Public Holidays

There are 20 public holidays, 14 of which are non-working.

Sick Days

Employees provide paid sick leave to their employees from the 2nd to the 5th day. After the 6th employees are covered by social insurance.

Maternity Leave

Pregnant employees receive 140 days (70 days of pregnancy, 70 days of childbirth), 155 days (70 days of pregnancy, 85 days of childbirth) – complicated childbirth, 180 days (70 days of pregnancy, 110 days) in case of having more than one child at a time. In case of premature birth, unused days of maternity leave are added to the days of maternity leave.

The daily benefit is 100% of the insured’s average monthly earnings (regardless of the number of years of covered employment) divided by 30.4 (average number of days in a month).

PAID MATERNITY LEAVE (DAYS)
410
365
365
140
45
30
0
Bulgaria
Serbia
Albania
Armenia
United Arab Emirates
Tunisia
Federal
3 HIGHEST
3 LOWEST
Paternity Leave

Fathers can take 5 days of paid leave within the first 30 days after the child is born.

Parental Leave

5 days paid leave within the first month of the child’s birth.

Termination

Termination Process

In order to terminate an employee, an employer must have sufficient reasons and provide notice.

Notice Period

The notice period is determined by the length of employment.

  • up to 1 year of employment – no less than 14 days notice
  • 1-5 years employments – 35 days notice
  • 5-10 years of employment – 42 days notice
  • 10-15 years of employment – 60 days notice
Severance Pay

Severance pay is determined based on the grounds of termination.

liquidation of the organization/reduction in the number of employees/recovery of the employee in the previous job –

  • Employees average monthly salary

an employee for non-compliance with the position held/Long-term disability of the employee/The employee is entitled to an old-age pension/Significant working conditions to change/employee to be called up for compulsory military service –

  • up to 1 year – 10 times the employees average daily salary
  • 1-5 years – twenty-five times the employees average daily salary
  • 5-10 years – 30 times the employees average daily salary
  • 10-15 years – 35 times the employees average daily salary
  • 15 or more years – 44 times the employees average daily salary
Probation Period

The probationary period is generally set at three months in the employment contract. Before the expiration of the probationary period, the employment contract can be terminated by notifying at least 3 days in advance.

VAT

General

20%

Stay up to date on payroll & employment law changes

Questions & Answers

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
See how Papaya Global can help you automate your global payroll or PEO whilst staying 100% compliant with local labor laws