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Armenia's biggest taxpayers as of Jan-Jun 2014

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  • Armenia's biggest taxpayers as of Jan-Jun 2014

    Hayots Ashkarh: Armenia's biggest taxpayers as of Jan-Jun 2014

    10:46 * 26.07.14


    Below is an excerpt from the paper's report commenting on the Finance
    Ministry's recent findings of Armenia's biggest taxpayers of
    January-June 2014.

    "The report found that the 5,000 big companies in Armenia paid to the
    State Budget around 326 billion Drams (about $ 900,000,000), which
    makes up 67.5 percent of the tax revenues. In comparison with last
    year, big [business'] taxes have increased by 12.1 billion Drams
    (approx $300,650,000) or 3.8 percent.

    "In terms of the amounts paid, the main taxpayer is Gazprom Armenia
    whose taxes almost 2.5 times topped the duties of the second company
    on the major [taxpayers'] list. In the first six months of this year,
    Gazprom Armenia transferred over 23.9 billion Drams to the State
    Budget. The company's payments have increased by 4.5 billion Drams
    (approx $11,000,000), the growth being mainly due to the increased
    tariffs in the internal networks.

    "The second major company is again [the telephone operator] K-Telecom,
    which transferred over 10.2 billion Drams to the Budget. Though the
    company's payments sharply increased compared to the first quarter,
    the biquarterly result is far below the record observed in the same
    period of last year. It is noteworthy that K-Telecom paid around 11.2
    billion Drams to the Budget in the first two quarters of 2013.

    "The other major company in the telecommunications sector, ArmenTel,
    had [tax] duties of around 8.6 million Drams, the positive balance
    amounting to 1.1 billion.

    "Orange Armenia's taxes have seen an increase too. They have grown
    twice to 2.4 billion Drams since last year. A serious growth was also
    observed in the tax duties of Ucom, another company in the sector. In
    the first two quarters, this company transferred over 1.4 billion
    Drams against the 680 million paid last year.

    "The third major taxpayer is Alex Grig, the company owned by
    businessman[-MP] Samvel Alexanyan. While this company paid 5.2 billion
    to the State budget in the first quarter, the amount made 4.4 billion
    in the second. The quarterly results reveal tax duties worth 9.6
    billion Drams, 2.9 billion more than last year."


    Armenian News - Tert.am

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