ArmInfo. In the first quarter of 2020, the insurance sector of Armenia reduced tax payments to the state budget by 15.6% to 534.7 million drams, of which 445.2 million drams were paid out of direct taxes (including income tax and income tax).
According to the RA State Revenue Committee, 5 out of 6 insurance companies operating in the market were included in the list of 1000 largest taxpayers of Armenia for the reporting period. Among the market participants, Rosgosstrakh Armenia IC holds the lead in tax payments, taking the 163rd place (versus the 169th in the 1st quarter of 2019), paying 266.8 million drams to the state budget, of which 207.6 million drams are income tax and income tax.
"INGO Armenia" IC took 319th place in this list (against the 236th one year earlier), replenishing the state budget by 131.5 million drams, of which 123.1 million drams are income tax and income tax.
NairiInnsurans IC took the 610th position (against the 472nd year earlier), transferring 56.9 million drams to the state treasury, incl. 46.4 mln drams - income tax and income tax.
Further follows SC "Sil Insurance" - 892 place (against 799 a year earlier), having paid 41.5 million drams, of which 35.1 million drams - for income tax.
"Armenia Insurance" IC - 966th place (versus 713 a year earlier), having paid 38 million drams, of which 33 million - on income tax and income tax.
In the 1st quarter of 2020, RESO IC was not included in the list of the largest taxpayers of Armenia, whereas a year earlier in the same period the company took 532 place (versus 492 a year earlier), having paid 69 million drams, of which 55.4 million drams income tax and income tax.
It should be noted that for the first quarter of 2019, the deductions of the insurance sector of Armenia to the state budget from taxes amounted to 633.9 million drams, of which 542.3 million drams accounted for direct taxes. At that time, the leadership was held by Rosgosstrakh Armenia IC, after which INGO Armenia IC, Nairi Insurance IC, RESO IC, Armenia Insurance IC and Sil Insurance were located