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Largest Armenian Taxpayers Major Importers

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  • Largest Armenian Taxpayers Major Importers

    LARGEST ARMENIAN TAXPAYERS MAJOR IMPORTERS

    news.am
    April 22 2010
    Armenia

    The RA Committee of State Revenues reported that Armenia's largest
    taxpayers' imports this February were half as much again as last
    February. The 344 largest taxpayers' imports totaled 53.4bn AMD
    (about U.S. $140m).

    The Committee claims that the reason for the import was not only
    commercial interest in the purchase and sale, but also production
    requirements. The Committee lists eight companies that carried out
    major import transactions: ArmRusgazprom, Orange Armenia mobile
    operator, Flash oil trader, and one of the major food importers
    Alex Grig.

    The improvement in the import situation caused an increase in customs
    revenues. This February the customs duties paid by the largest Armenian
    taxpayers totaled 9.9bn AMD (U.S. $26m) - a 49.9% increase as compared
    with last February.

    As regards exports, the largest taxpayers "fell short of
    expectations." This February their exports totaled 19.8bn AMD (U.S.

    $52m) - 2.7 times as less as their imports. So, as regards
    specialization, the largest companies are importers rather than
    exporters.

    Among the exporter companies, the largest taxpayers are the Zangezur
    Copper and Molybdenum Combine, Rusal Armenal, Armenian Copper Program,
    Dino Gold Mining, Pure Iron Plant, and others.
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