The Armenian government is reportedly considering different options to amend the country's individual income tax rates, and possibly the corporate and dividend withholding tax rates. The first option being considered would include a two-bracket system for employment income with a 20% rate on income up to AMD 250,000 and 25% on the excess (currently a three-bracket system applies with a top rate of 36%). A second option would introduce a flat 23% individual income tax rate with a phased-in red…