Saturday, October 17 2020 22:00

ArmInfo.The insurance sector of Armenia in January-September 2020 paid taxes for 1.6 billion drams ($ 3.2 million), which is 33.3% higher than a year ago (against a 25%  decline a year earlier). Of this amount, 1.4 billion drams fell on  direct taxes, with an annual growth of 16.7% (against a 14.3% decline  a year earlier).

According to the RA State Revenue Committee, in the list of 1000  largest taxpayers in Armenia by the results of 9 months of 2020, out  of 6 functioning insurance companies, only IC RESO (which occupied  the 921st place a year earlier) did not make it to the list, while a  year earlier in the same period, two ICs did not make it to this list  (Nairi Insurance and Armenia Insurance).

The list of insurance companies was headed by Rosgosstrakh Armenia IC  in terms of tax payments, which took 231st place (against 242nd a  year earlier), having directed 549.5 million drams to the state  budget, of which 438 million drams - for direct taxes (including .  for income tax and income tax). INGO Armenia IC took the 292nd place  (against 351st a year earlier), having replenished the state budget  by 433.7 million drams, of which 414.3 million drams - for direct  taxes. IC "Nairi Insurance" took the 430th place (against the absence  of a year earlier in the list of large taxpayers), having transferred  to the state treasury 293.7 million drams, incl. 287.8 million AMD -  for direct taxes. IC "Armenia Insurance" took 722th place (against  the absence of a year earlier in the list of large taxpayers), having  paid 163.1 million drams, of which 130.6 million drams - for direct  taxes. Seal Insurance IC dropped to 896th place (from 666th a year  earlier), having paid 128.7 million drams, of which 114.8 million  drams - for direct taxes.

In the total volume of tax payments of 1,000 large taxpayers, the  share of the insurance sector on an annualized basis did not change,  amounting to only 0.2%. The leading pair of insurance companies also  did not change - Rosgosstrakh Armenia and INGO Armenia, but their  share in the volume of tax payments of insurance companies decreased  from 74.3% to 61.4%, and in absolute terms increased by 10.2% - to  983.2 million drams. (The estimated exchange rate of the dram against  the US dollar as of September 30, 2020 was 488.41 AMD / $ 1).