AM · AsiaDK · Europe
Armenia vs Denmark: tax rates compared
Denmark's income tax rate is 35.9pp higher than Armenia's (55.9% vs 20%). The 200-country average is 28%: Armenia sits below it, Denmark sits above it. Armenia's figure is dated 2023-01-01 and Denmark's 2025-01-01, so the two rates come from different data vintages.
Verified data covers six of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | AM | DK | Difference |
|---|---|---|---|
| Income Tax | 20% | 55.9% | DK +35.9 pp |
| Corporate Tax | 18% | 22% | DK +4 pp |
| VAT | 20% | 25% | DK +5 pp |
| Capital Gains Tax | 0% | 42% | DK +42 pp |
| Crypto Tax | 0% | 57% | DK +57 pplargest gap |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Armenia | 20% | Source: EY Worldwide Personal Tax and Immigration Guide (March 2026) — Armenia · as of 2023-01-01 |
| Denmark | 55.9% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −35.9 pp | Denmark higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Armenia | 18% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Denmark | 22% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −4 pp | Denmark higher |
Denmark's corporate tax rate is 4pp higher than Armenia's (22% vs 18%). The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Armenia | 20% | Source: PWC Worldwide Tax Summaries — Armenia (Corporate, Other taxes) · as of 2026-06-30 |
| Denmark | 25% | Source: PWC Worldwide Tax Summaries — Denmark (Corporate, Other taxes) · as of 2026-02-25 |
| Difference | −5 pp | Denmark higher |
Denmark's VAT rate is 5pp higher than Armenia's (25% vs 20%). The 181-country average is 15%: both sit above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Armenia | 0% | Source: EY Worldwide Personal Tax and Immigration Guide 2026 — Armenia · as of 2025-10-01 |
| Denmark | 42% | Source: PwC Worldwide Tax Summaries — Denmark, Individual - Taxes on personal income · as of 2026-06-25 |
| Difference | −42 pp | Denmark higher |
Denmark's capital gains tax rate is 42pp higher than Armenia's (42% vs 0%). The 175-country average is 10.3%: Armenia sits below it, Denmark sits above it. Armenia's figure is dated 2025-10-01 and Denmark's 2026-06-25, so the two rates come from different data vintages.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Armenia | 0% | Source: IMF Fiscal Affairs Department — Republic of Armenia: Tax Compliance and Crypto Assets (Technical Assistance Report, July 2024) · as of 2024-07-01 |
| Denmark | 57% | Source: Skattestyrelsen, Den juridiske vejledning C.C.2.1.3.3.5.1 — Generelt om krypto · as of 2026-07-19 |
| Difference | −57 pp | Denmark higher |
Denmark's crypto tax rate is 57pp higher than Armenia's (57% vs 0%). The 88-country average is 13%: Armenia sits below it, Denmark sits above it. Armenia's figure is dated 2024-07-01 and Denmark's 2026-07-19, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Armenia | 0% | Source: PWC Worldwide Tax Summaries — Armenia (Net wealth/worth tax rates) · as of 2026-06-30 |
| Denmark | 0% | Source: PWC Worldwide Tax Summaries — Denmark (Individual, Other taxes) · as of 2026-06-25 |
| Difference | 0 pp | displayed rates match |
Armenia's wealth tax rate is identical to Denmark's — both sit at 0%. The 193-country average is 0.1%: both sit below it.