Monday, January 24 2022 19:36

ArmInfo.  (trademark VivaCell-MTS) has become the leader among telecom operators in the list of the largest taxpayers in Armenia, having  risen to 8th place from 10th a year earlier.

According to the data of the State Revenue Committee of the Republic  of Armenia, the company paid over 15.7 billion drams to the state  treasury in 2021, of which 38.9 million drams - for customs duties,  5.3 billion drams - for direct taxes (including profit tax, income  tax), over 7 billion drams - for indirect taxes (including VAT,  excise tax).

UCom occupies the 13th place (as in the previous year), having paid  10.9 billion drams to the budget in terms of taxes, of which 310.1  million - for customs duties, 1.7 billion - for direct taxes  (including profit tax, income tax) and 5.4 billion - for indirect  taxes (including VAT, excise tax).

Telecom Armenia (former "VEON Armenia", Beeline trademark), having  dropped to 20th place from 12th year earlier, paid 7.5 billion drams  to the state treasury for 2021, of which 104.6 million drams - for  customs duties, 1.5 billion drams- on direct taxes (including profit  tax, income tax), 3.9 billion drams - on indirect taxes (including  VAT, excise tax). GNC- Alpha (trademark of Rostelecom) dropped to  124th place from 121st a year earlier, having paid 1.8 billion drams  to the budget in taxes, of which 13.6 million - for customs duties,  772.5 million - for direct taxes (including profit tax, income tax)  and 988.3 million - for indirect taxes (including VAT, excise tax).  

According to the State Revenue Committee, the four largest  communication operators of Armenia paid a total of 36 billion drams  to the state treasury through taxes for 2021 (with a y-o-y growth of  14%), of which 467.4 million drams - for customs duties, 9.3 billion  - for direct taxes (including profit tax, income tax) and 17.5  billion - for indirect taxes (including VAT, excise tax).  

It should be noted that in 2020, the four largest telecom operators  paid a total of 31.6 billion drams to the state budget (with a y-o-y  decline of 1.6%), of which 76.1 million drams - for customs duties,  14.9 billion - for direct taxes and 13.5 billion for indirect taxes.  (The settlement exchange rate of the dram as of December 31, 2021 was  480.14 AMD/$1).  On January 19, 2022, the Public Services Regulatory  Commission (PSRC) of Armenia approved the sale of 100% of the shares  of Philor Ventures Limited, the sole shareholder of Rostelecom  Armenia (GNC-Alfa CJSC, a subsidiary of Rostelecom PJSC), to the  Cypriot Molitro Holdings Limited company, founded by Russian citizen  Arman Hunanyan and Electric Networks of Armenia CJSC.