Wednesday, January 20 2021 21:43
Alina Hovhannisyan

Armenian telecom operators reduced tax payments to the state treasury  by 1.6%

Armenian telecom operators reduced tax payments to the state treasury  by 1.6%

ArmInfo."MTS Armenia" (VivaCell-MTS trademark) has become the leader among telecom operators on the list of the largest taxpayers in Armenia, rising to  the 10th position from the 14th a year earlier.

According to the data of the State Revenue Committee, the company  paid over 13 billion drams to the state treasury for 2020, of which  29.4 million drams- on customs duties, 4.2 billion drams - on direct  taxes (including income tax, profit tax), 6.1 billion drams - on  indirect taxes (including VAT, excise tax).  Telecom Armenia  (formerly "VEON Armenia", Beeline trademark), having dropped to the  12th position from the 10th year earlier, paid 8.8 billion drams to  the state treasury for 2020, of which 19.5 million drams - for  customs duties, 8.4 billion AMD - for direct taxes (including income  tax, profits tax), 3.1 billion AMD - for indirect taxes (including  VAT, excise tax).

Ucom ranks the 13th (against the 18th a year earlier), having  allocated 8.2 billion drams to the budget in taxes, of which 16  million - for customs duties, 1.6 billion - for direct taxes  (including income tax, profts tax) and 3.5 billion - on indirect  taxes (including VAT, excise tax).

GNC Alfa (Rostelecom trademark) moved up to the 121st place from the  176th a year earlier, having paid 1.5 billion drams to the budget in  taxes, of which 11.3 million - in customs duties, 679.6 million - in  direct taxes ( including income tax, profits tax) and 840.8 million -  for indirect taxes (including VAT, excise tax).  According to the  data of the RA State Revenue Committee, the four largest  communication operators of Armenia paid a total of 31.6 billion drams  to the state treasury through taxes for 2020 (with a y-o-y decline of  1.6%), of which 76.1 million drams - for customs duties, 14.9  billion- on direct taxes (including income tax, profit tax) and 13.5  billion - on indirect taxes (including VAT, excise tax).

To note, in 2019, the four largest telecom operators paid a total of  32.2 billion drams to the state budget for 2019, with a y-o-y growth  of 76%. (The estimated exchange rate of the dram as of Dec 30, 2020  amounted to 522.59 AMD / $ 1).  To recall, at the end of 2020, a deal  was made to sell 100% of the shares of VEON Armenia (Beeline), after  which the company was named Telecom Armenia.


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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000