Friday, November 10 2017 10:14
Karine Melikyan

Armenian insurance sector increases tax payments by 31.3% per annum for 9 months of 2017

Armenian insurance sector increases tax payments by 31.3% per annum  for 9 months of 2017

ArmInfo. The Armenian  insurance sector paid 2.1 billion AMD or 4.4 million AMD for  January-September 2017, exceeding the figure of 31.3% a year ago. Of  this amount, 1.9 billion AMD fell on direct taxes (including income  tax and income tax), which is 26.7% higher than last year's figure.  According to the RA State Revenue Committee, in the list of 1000  largest taxpayers of Armenia, according to the results of 9 months of  2017, all 6 insurance companies operating on the market were  included.

The list was headed by IC INGO Armenia, which took 153rd place  (against 234th year ago), replenishing the state budget by 673.9mln  AMD, of which 642.5mln AMD - on direct taxes.  Rosgosstrakh Armenia  Insurance Company, which took 160th place (against 204th year  earlier), paid 643.5mln AMD to the state budget, 583.9mln AMD out of  direct taxes. IC "Nairi Insurance" - 303rd place (against 283th year  earlier), transferring 324.8mln AMD to the state treasury, incl.  300.4 million drams - profit tax and income tax. IC "Sil Insurance"  took 475th place (against 487th year ago), paying 191.4mln AMD, of  which the amount of profit tax and income tax was 167.4mln AMD. RESO  Insurance Company - 649th place (against 662 the year before), paying  137.7 million AMD, out of which the amount of profit tax and income  tax was 118 million AMD. IC "Armenia Insurance" - 664th place  (against 479th year ago), paying 134.2 million AMD, of which 121.5  million - on direct taxes.

According to the Ranking of Insurance Companies of Armenia, prepared  by ArmInfo News Agency, the aggregate accumulated profit of the  insurance sector of Armenia by October 1, 2017 amounted to 5.2  billion drams, an increase of only 1.5% in the annual cut. By October  1, at the plus level, this figure was in 4 out of 6 operating  companies. The annual increase in accumulated profit was provided  only by two companies, while the remaining four companies sagged,  with two with a deepening loss.

POST A COMMENT
Input digits     


News
Converse bank will cover the insurance costs within the framework of program lendingConverse bank will cover the insurance costs within the framework of program lending
Armenia, Russia to deepen strategic partnership in both nuclear and  non-nuclear energyArmenia, Russia to deepen strategic partnership in both nuclear and  non-nuclear energy
Government proposes way to solve problem with export of fruits and  vegetablesGovernment proposes way to solve problem with export of fruits and  vegetables
Minister: Dram revaluation may lead to repeated Minister: Dram revaluation may lead to repeated "destruction" of the  industry
Financing of subvention programs in Armenia reached 7.3 billion drams  in 2022Financing of subvention programs in Armenia reached 7.3 billion drams  in 2022
WB to provide technical assistance to educational sector of Armenia  under PPPWB to provide technical assistance to educational sector of Armenia  under PPP
Armenian government recognizes number of territories in Syunik as  Armenian government recognizes number of territories in Syunik as  "overriding public interest" for construction of North-South Corridor
Lawyer in Lawyer in "March 1" Case nominated as Judge of Armenia`s  Constitutional Court
Order Mastercard Standard and Mastercard Gold and use the preferential credit lineOrder Mastercard Standard and Mastercard Gold and use the preferential credit line
Pashinyan: From January 1, 2023, pensions, the minimum wage and  benefits will be increased in ArmeniaPashinyan: From January 1, 2023, pensions, the minimum wage and  benefits will be increased in Armenia
Tax collections will exceed the level planned for the first half of  the year by about 60 billion drams:  PashinyanTax collections will exceed the level planned for the first half of  the year by about 60 billion drams:  Pashinyan
In 2022, Armenia will be able to reduce the level of government debt  much faster than planned: Ministry of FinanceIn 2022, Armenia will be able to reduce the level of government debt  much faster than planned: Ministry of Finance
Armenia could be major supplier of sugar beet seeds to EAEU  member-states Armenia could be major supplier of sugar beet seeds to EAEU  member-states 
Armenia 84th in Speedtest Global Index rankings Armenia 84th in Speedtest Global Index rankings 
CBA: Inflow of foreign labor migrants and capital to Armenia has  increased projected GDP growth to 4.9%CBA: Inflow of foreign labor migrants and capital to Armenia has  increased projected GDP growth to 4.9%
Central Bank of Armenia forecasts increase in exports by 5.1% and  imports by 8.3% for 2022Central Bank of Armenia forecasts increase in exports by 5.1% and  imports by 8.3% for 2022
Poland considers Armenia as profitable platform for entering EAEU  marketPoland considers Armenia as profitable platform for entering EAEU  market
In its improved forecast for 2022, CBA reduces decline in net  remittance inflows to 12% from previous 20%In its improved forecast for 2022, CBA reduces decline in net  remittance inflows to 12% from previous 20%
Business community of Armenia called on government to find assistance  mechanisms in connection with dram revaluation Business community of Armenia called on government to find assistance  mechanisms in connection with dram revaluation 
CBA forecasts 14.8% unemployment in ArmeniaCBA forecasts 14.8% unemployment in Armenia
Majority interest in Armenia Securities Exchange was transferred to  Warsaw Stock ExchangeMajority interest in Armenia Securities Exchange was transferred to  Warsaw Stock Exchange
ACBA Bank and Ameriabank helped beneficiaries to equip cash registers  with system for accepting non-cash payments with investmentsACBA Bank and Ameriabank helped beneficiaries to equip cash registers  with system for accepting non-cash payments with investments
Armenia, Russia to expand cooperation in agricultural and industrial  fieldsArmenia, Russia to expand cooperation in agricultural and industrial  fields
Rossiya Airlines to start operating flights from Samara to Yerevan  from July 2Rossiya Airlines to start operating flights from Samara to Yerevan  from July 2
A joint Armenian-Russian technopark may be established in Armenia-  GordeyevA joint Armenian-Russian technopark may be established in Armenia-  Gordeyev
IMF improves Armenia`s GDP growth forecast for 2022 to 5%IMF improves Armenia`s GDP growth forecast for 2022 to 5%
Halal to open office in ArmeniaHalal to open office in Armenia
Government of Armenia approves regular applications for  implementation of subvention programs in 7 regions of countryGovernment of Armenia approves regular applications for  implementation of subvention programs in 7 regions of country
Process of discussing construction project of new power unit in  Armenia begunProcess of discussing construction project of new power unit in  Armenia begun
How long will the drama with rising dram last? - Haykaz FanyanHow long will the drama with rising dram last? - Haykaz Fanyan
Service sector is main driver of double-digit economic growth in  ArmeniaService sector is main driver of double-digit economic growth in  Armenia
ADB: Armenia is a country of great opportunitiesADB: Armenia is a country of great opportunities
Armenia`s government plans renovation of 500km of roads Armenia`s government plans renovation of 500km of roads 
ARARATBANK resumes payment of dividends in 2022 and plans new issue  of sharesARARATBANK resumes payment of dividends in 2022 and plans new issue  of shares
At the end of 2021, EDB investment portfolio reached USD 4.5 billionAt the end of 2021, EDB investment portfolio reached USD 4.5 billion
Business community of Armenia calls on economic authorities to take  urgent measures to rescue businesses that suffered greatly from sharp  revaluation of dramBusiness community of Armenia calls on economic authorities to take  urgent measures to rescue businesses that suffered greatly from sharp  revaluation of dram
Armenian NPP has been connected to country`s national gridArmenian NPP has been connected to country`s national grid
Armenian Deputy PM took part in meeting of EDB CouncilArmenian Deputy PM took part in meeting of EDB Council
Rustam Badasyan proposed to WCO Secretary General to hold 6th Global  Canine Forum in YerevanRustam Badasyan proposed to WCO Secretary General to hold 6th Global  Canine Forum in Yerevan
Armenia, Korea stress necessity to conclude intergovernmental  agreement on cooperation in customs mattersArmenia, Korea stress necessity to conclude intergovernmental  agreement on cooperation in customs matters
FLY BAGHDAD launches Baghdad-Yerevan-Baghdad flightsFLY BAGHDAD launches Baghdad-Yerevan-Baghdad flights
Armenia`s exchange market oversupplied with US dollars - expert Armenia`s exchange market oversupplied with US dollars - expert 
Opening of the second customs zone on Upper Lars will increase the  throughput capacity of the checkpoint by 30% - KerobyanOpening of the second customs zone on Upper Lars will increase the  throughput capacity of the checkpoint by 30% - Kerobyan
FLYONE ARMENIA sends its 100.000th passenger on flightFLYONE ARMENIA sends its 100.000th passenger on flight
Fly Arna office opened at Zvartnots International AirportFly Arna office opened at Zvartnots International Airport
Different prices for same product or service can not be set,  depending on method of payment, cash or non-cash -CBA  message Different prices for same product or service can not be set,  depending on method of payment, cash or non-cash -CBA  message 
ARARATBANK to act as a major sponsor of UAV contest in ArmeniaARARATBANK to act as a major sponsor of UAV contest in Armenia
Armenia can achieve economic growth of 7-9% in 2022Armenia can achieve economic growth of 7-9% in 2022
Armenia`s authorities to invest in new capital programmes Armenia`s authorities to invest in new capital programmes 
Registered jobs and taxes on them are again unprecedented in Armenia Registered jobs and taxes on them are again unprecedented in Armenia 
Inflation in Armenia is a social catastrophe: EconomistInflation in Armenia is a social catastrophe: Economist
Competition Protection Commission of Armenia on how exchange rate  affected cost of granulated sugar and sunflower oilCompetition Protection Commission of Armenia on how exchange rate  affected cost of granulated sugar and sunflower oil
Orion Summit 2022: The main challenge for Armenia is a change in  mindsetOrion Summit 2022: The main challenge for Armenia is a change in  mindset
EPIC announces start of accepting applications for participation in  Entrepreneurship World Cup EPIC announces start of accepting applications for participation in  Entrepreneurship World Cup 
ACBA Leasing has rebranded and intends to double its leasing  portfolio in next 2 yearsACBA Leasing has rebranded and intends to double its leasing  portfolio in next 2 years
EDB launches EDB launches "Jobs in EAEU" app, presenting it to heads of  governments of EAEU 
EAEU countries agreed to lay Southern Railway in ArmeniaEAEU countries agreed to lay Southern Railway in Armenia
Competition Protection Commission: Over the past 12 months, diesel  fuel and flour have risen in price in Armenia Competition Protection Commission: Over the past 12 months, diesel  fuel and flour have risen in price in Armenia 
Heads of governments of EAEU countries sign cooperation documentsHeads of governments of EAEU countries sign cooperation documents
Asphalt carpet is being laid along the Lanjik-Gyumri section under  the North-South Asphalt carpet is being laid along the Lanjik-Gyumri section under  the North-South 
Read more


Exchange rates
30.06.2022
RUB7.75-0.08
USD407.21-1.10
EUR423.54-6.21
GBP492.81-3.61
CAD315.18-2.23
JPY29.86-0.05
CNY60.67-0.24
CHF424.58-4.90