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Armenia's Natural Gas Operator Pays More Taxes Than Any Other Compan

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  • Armenia's Natural Gas Operator Pays More Taxes Than Any Other Compan

    ARMENIA'S NATURAL GAS OPERATOR PAYS MORE TAXES THAN ANY OTHER COMPANY

    /ARKA/
    October 29, 2010
    YEREVAN

    YEREVAN, October 29, /ARKA/. Armenia's natural gas operator ZAO
    ArmRosGazprom, paid a total of 12.9 billion Drams in various taxes
    in the first nine months of the year, more than any other company,
    the State Revenue Committee said in a report.

    According to the report, the total amount of taxes paid by Armenia's
    largest corporate taxpayers grew by 18% year-on-year to 254.7 billion
    Drams. But the growth was due to rise in indirect taxes which grew
    in the reporting period of time by 29% year-on-year to 139.4 billion
    Drams. The volume of direct taxes slashed by 5.5% to only 52.44
    billion Drams.

    Compared to the first nine months of 2009 the share of direct taxes
    paid by largest taxpayers slashed from 26% to 21% this year.

    Other largest taxpayers are Alex Grig company (12.3 billion Drams),
    K-Telecom (trading as VivaCell-MTS, 12.2 billion Drams) ArmenTel
    telecommunications company (11.1 billion Drams) and Zangezur copper
    smelter (8.8 billion Drams).




    From: A. Papazian
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