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SMALL BUSINESSES IN ARMENIA CONTINUE BEARING BRUNT OF INCREASED TAX BURDEN AS LARGE COMPANIES' PART NOT GROWING
YEREVAN, July 31. /ARKA/. Small and medium businesses continue bearing
brunt of the increasing tax burden, while large companies' part in
Armenia's tax revenue is not becoming more significant, Haykakan
Zhamanak newspaper says commenting the largest 1000 taxpayers list
released by the State Revenue Committee.
The ten taxpayers that is topping the list have transferred AMD 80.5
billion to the government budget for the first six months of this
year - 10.4% -year on year growth, while the ten companies closing
the list have sent AMD 459.4 million to the budget over the same
period showing 28.5% year-on-year growth.
"It means small companies have outdone the largest taxpayers 2.8
times in building up their tax flows," the newspaper says.
The ten largest companies' share was 18.4% of the budget tax revenue
in the first half of 2012, while in the same period of this year
their share shrank to 16.8%.
ArmRosgazprom is topping the 2nd Q 2013 list of 1,000 largest
taxpayers. The company paid AMD 19.4 billion in the Jan-June 2013
against AMD 18.2 billion in the same period a year before.
The second largest taxpayer in the list is Zangezur Copper and
Molybdenum Combine with its more than 12.8 billion paid for the second
quarter of this year against AMD 11.3 billion paid at the same quarter
a year earlier.
K-Telecom (traded as VivaCell-MTS), with its more than AMD 11.2 billion
paid for the second quarter of this year against 7.2 billion a year
before, came third in the list.
K-Telecom is followed by Armenia Telephone Company, with its more
than AMD 7.5 billion against AMD 6.1 billion in Jan-June 2012.
Alex Grig is placed fifth in the list. It transferred AMD 6.7 billion
to the government budget in Jan-June 2013 against AMD 9.3 billion in
the same period of the previous year
Flash, GeoProMining Group, Electric Networks of Armenia, Sam-
Ser Group and CPS Oil Cоrporation found themselves among top ten
taxpayers as well.
The 1000 largest taxpayers of Armenia have transferred AMD 313.8
billion to the government budget for the second quarter against AMD
261.9 at the same period a year before. ($1 - AMD 409.90). ---0---
- See more at:
http://arka.am/en/news/economy/small_businesses_in_armenia_continue_bearing_brunt _of_increased_tax_burden_as_large_companies_part_n/#sthash.1mB71MF0.dpuf
YEREVAN, July 31. /ARKA/. Small and medium businesses continue bearing
brunt of the increasing tax burden, while large companies' part in
Armenia's tax revenue is not becoming more significant, Haykakan
Zhamanak newspaper says commenting the largest 1000 taxpayers list
released by the State Revenue Committee.
The ten taxpayers that is topping the list have transferred AMD 80.5
billion to the government budget for the first six months of this
year - 10.4% -year on year growth, while the ten companies closing
the list have sent AMD 459.4 million to the budget over the same
period showing 28.5% year-on-year growth.
"It means small companies have outdone the largest taxpayers 2.8
times in building up their tax flows," the newspaper says.
The ten largest companies' share was 18.4% of the budget tax revenue
in the first half of 2012, while in the same period of this year
their share shrank to 16.8%.
ArmRosgazprom is topping the 2nd Q 2013 list of 1,000 largest
taxpayers. The company paid AMD 19.4 billion in the Jan-June 2013
against AMD 18.2 billion in the same period a year before.
The second largest taxpayer in the list is Zangezur Copper and
Molybdenum Combine with its more than 12.8 billion paid for the second
quarter of this year against AMD 11.3 billion paid at the same quarter
a year earlier.
K-Telecom (traded as VivaCell-MTS), with its more than AMD 11.2 billion
paid for the second quarter of this year against 7.2 billion a year
before, came third in the list.
K-Telecom is followed by Armenia Telephone Company, with its more
than AMD 7.5 billion against AMD 6.1 billion in Jan-June 2012.
Alex Grig is placed fifth in the list. It transferred AMD 6.7 billion
to the government budget in Jan-June 2013 against AMD 9.3 billion in
the same period of the previous year
Flash, GeoProMining Group, Electric Networks of Armenia, Sam-
Ser Group and CPS Oil Cоrporation found themselves among top ten
taxpayers as well.
The 1000 largest taxpayers of Armenia have transferred AMD 313.8
billion to the government budget for the second quarter against AMD
261.9 at the same period a year before. ($1 - AMD 409.90). ---0---
- See more at:
http://arka.am/en/news/economy/small_businesses_in_armenia_continue_bearing_brunt _of_increased_tax_burden_as_large_companies_part_n/#sthash.1mB71MF0.dpuf