Friday, January 26 2024 15:52

ArmInfo.For the second year in a row, the Zangezur Copper- Molybdenum Combine (ZCMC) tops the  list of the largest taxpayers in Armenia. According to data from the State Revenue Committee, the company sent 70.8 billion drams to the state treasury in 2023 (with an y- o-y decline of 50.8%), of which 5.2 billion drams were for customs duties, 27.1 billion. drams - for direct taxes (including profit tax, income tax), 5.6 billion drams -  for indirect taxes (including VAT, excise tax).  

The Grand Tobacco JV moved to second place (from the 3rd year earlier), paying 55.3  billion drams to the state budget (with a y-o-y increase of 22.9%),  of which 3.9 billion drams - for customs duties, 47.3 billion drams -  on indirect taxes.

Gazprom Armenia CJSC dropped to 3rd place (from 2nd a year earlier),  sending 48.5 billion drams to the state budget (with a y-o-y decline  of 7.1%), incl. 162.3 million drams for customs duties, 4.9 billion  drams for direct taxes (including profit tax, income tax), 42 billion  drams for indirect taxes (including VAT, excise tax).

Mobile Center Art moved up to  4th place from 7th place a year  earlier, paying 46.1 billion drams to the state treasury (a 2.6-fold   increase per year), of which 915.1 million drams for customs duties,  1.6 billion drams for direct taxes and 44 billion drams - for  indirect taxes.

PRETTY WAY LLC closes the TOP-5 at the end of 2023 (Vesta electrical  and household appliances store), jumping from 22nd place in 2022. The  company allocated 33.3 billion drams to the state treasury (an almost  4-fold y-o-y increase), of which 29.5 billion in customs duties.

In total, the TOP-5 paid 254.1 billion drams or $627.8 million to the  state budget in taxes (with a y-o-y decline of 12%), of which 43.5  billion - in direct taxes (with a y-o-y decline of 32.8%), and 159.7  billion drams - on indirect taxes (with a y-o-y increase of 50.1%).

After the TOP-5, the TOP-10 included the following companies:  Wildberries (jumping to 6th place from 346th place a year earlier),  Ameriabank (jumping to 7th place from 24th place a year earlier),  Ardshinbank (jumping to 8th place from 29th place a year earlier),  CPS Energy Group (remained in 9th place) and JTI Armenia (moved down  to 10th place from 8th place a year earlier).

According to the State Revenue Committee, the 1000 largest taxpayers  in Armenia paid 1.710 trillion drams or $4.2 billion to the state  treasury in 2023, which is 14.8% higher than a year ago.  The TOP-5  at the end of 2022 also included: Zangezur Copper-Molybdenum Combine  CJSC (1st place), Gazprom Armenia(2nd place),, Grand Tobacco JV(3rd  place),International Masis Tabak(4thy place), and Agarak  Copper-Molybdenum Combine CJSC (5th place). In total, the TOP-5 paid  288.3 billion drams or $732.4 million to the state budget in taxes in  2022 (with a y-o-y increase of 49%), of which 64.7 billion - in  direct taxes (with a y-o-y increase of 36%), and 106.4 billion. drams  - for indirect taxes (with a y-o-y increase of 41%).

The calculated exchange rate of AMD in 2023 as of December 31 was  404.79 AMD/$1 (compared to 393.57 AMD/$1 as of December 31, 2022).