IT preferential tax regime for start-ups

Within the framework of the “RA Law on State Support in sector of Information Technologies”, certified companies operating in the IT sector can be granted a number of tax exemptions and reduced 10% personal income tax, if the latter has below 30 registered workers and are engaged in activities defined by law. Tax privileges can be extended to IT companies who are engaged in one of the following activities: a. software development, b. consulting activities in the field of computer technologies; c. data processing, information distribution on the network and related activities, d. web-page development, e. implementation of educational and research programs in the field of information technologies, f. electronic systems design, testing, production, computer animation, modeling, as well as integrated circuit design and testing.