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Armenia's Top 10 Major Tax Payers

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  • Armenia's Top 10 Major Tax Payers

    ARMENIA'S TOP 10 MAJOR TAX PAYERS

    Tert
    Oct 28 2009
    Armenia

    Though Orange Armenia will begin providing services on November 5,
    it has already made the list of the ten leading major tax payers,
    taking 10th place with an amount of 3.5 billion AMD tax paid.

    Almost 95% of the amount was levied by customs bodies as a value added
    tax (VAT) on imported goods. At this time, it's not clear why in that
    case the tax privilege wasn't provided to payers, which states that
    if the cost of imported equipment exceeds 300 million AMD paying tax
    can be delayed by three years.

    Another telecommunications company, Karabakh-Telecom, leads the list
    of major tax payers by the amount of taxes paid over the period
    January-September 2009 (12.7 billion AMD). For comparison's sake,
    over a 9-month period in 2008, Karabakh-Telecom paid 23.1 billion AMD.

    Generally, the crisis had a different effect on the taxes paid by
    major companies: in some cases, businesses paid more this year;
    in other cases, less.

    ArmenTel CJSC is the second on the list of major tax payers: it paid
    10.7 billion AMD in taxes, about 6% less than the indicator of the
    same period last year. ArmRosGazArd, which was the major tax payer
    in 2009 by the half year indicator, is the fourth by the indicator
    over 9 months.

    Alex Grig LLC, which holds a dominant position in supplying butter,
    juices for children, ethyl alcohol and other products, comes in third
    place. The company paid 10.7 billion AMD tax this year. This is one
    of the few cases when the amount of taxes paid increased by about
    one third during a year of economic crisis.

    In the 5th and 6th place on the list of major tax payers are Flesh
    and City Petrol Group (legal successor of Kaghpetrolservice), both of
    whom hold a dominant position in the area of importing fuel. Following
    in the list are Armenian Energy Network company at 7th place, VIDIS
    Distribution (distributor of Phillip Morris International in Armenia)
    at 8th place, and International Massis Tabak at 9th place. Grand
    Tobacco was ousted from the leading ten this year, falling behind at
    11th place.
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