AM · AsiaJM · Americas
Armenia vs Jamaica: tax rates compared
Jamaica has an income tax rate of 30%, 10pp above Armenia's 20%. The 200-country average is 28%: Armenia sits below it, Jamaica sits above it. Armenia's figure is dated 2023-01-01 and Jamaica's 2025-12-31, so the two rates come from different data vintages.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | AM | JM | Difference |
|---|---|---|---|
| Income Tax | 20% | 30% | JM +10 pplargest gap |
| Corporate Tax | 18% | 25% | JM +7 pp |
| VAT | 20% | 15% | AM +5 pp |
| Capital Gains Tax | 0% | 0% | match |
| 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 |
| Jamaica | 30% | Source: PWC Worldwide Tax Summaries — Jamaica (Individual, Taxes on personal income) · as of 2025-12-31 |
| Difference | −10 pp | Jamaica higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Armenia | 18% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Jamaica | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −7 pp | Jamaica higher |
Jamaica has a corporate tax rate of 25%, 7pp above Armenia's 18%. The 201-country average is 22.6%: Armenia sits below it, Jamaica sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Armenia | 20% | Source: PWC Worldwide Tax Summaries — Armenia (Corporate, Other taxes) · as of 2026-06-30 |
| Jamaica | 15% | Source: PWC Worldwide Tax Summaries — Jamaica (Corporate, Other taxes) · as of 2025-12-31 |
| Difference | +5 pp | Armenia higher |
Armenia has a VAT rate of 20%, 5pp above Jamaica's 15%. The 181-country average is 15%: Armenia sits above it, Jamaica matches the world average. Armenia's figure is dated 2026-06-30 and Jamaica's 2025-12-31, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Armenia | 0% | Source: EY Worldwide Personal Tax and Immigration Guide 2026 — Armenia · as of 2025-10-01 |
| Jamaica | 0% | Source: PWC Worldwide Tax Summaries — Jamaica (Individual, Income determination) · as of 2025-12-31 |
| Difference | 0 pp | displayed rates match |
Armenia and Jamaica share the same capital gains tax rate: 0%. The 175-country average is 10.3%: both sit below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Armenia | 0% | Source: PWC Worldwide Tax Summaries — Armenia (Net wealth/worth tax rates) · as of 2026-06-30 |
| Jamaica | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2025-12-31 |
| Difference | 0 pp | displayed rates match |
Armenia and Jamaica share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it. Armenia's figure is dated 2026-06-30 and Jamaica's 2025-12-31, so the two rates come from different data vintages.
Not covered for both countries yet: Crypto Tax.