Wednesday, July 27 2022 11:59
Alina Hovhannisyan

Zangezur Copper-Molybdenum Combine topped list of taxpayers in  Armenia in H1 2022

Zangezur Copper-Molybdenum Combine topped list of taxpayers in  Armenia in H1 2022

ArmInfo. The five leaders of the list of 1000 large taxpayers of Armenia paid a total of 177.5 billion drams to the budget through taxes, which is 67% higher than a  year ago. According to the data of the State Revenue Committee, of  this amount, 45.8 billion accounted for direct taxes (including  income tax, profits tax), with a y-o-y increase of 4%, and 54 billion  - for indirect taxes (including VAT, excise tax), with a y-o-y  increase of 37%.

At the same time, the share of TOP-5 accounts for 24.5% of the total  amount of taxes paid by the 1000 large taxpayers of Armenia, while a  year earlier for the same period the share of the top five was 18.1%.

According to the results of H1 2022, the list of the largest  taxpayers in Armenia was headed by the Zangezur Copper-Molybdenum  Combine (ZCMC), which occupied the 2nd place a year earlier. In  total, the company paid 104.7 billion drams in taxes, of which 929.1  million drams were customs duties, 34.3 billion drams were direct  taxes, and 1.4 billion drams were indirect taxes. The rest is  accounted for by other taxes and payments.

"Gazprom Armenia" CJSC moved down to the 2nd place from the 1st  place, having paid 33.1 billion drams to the budget, of which 44.3  million drams - for customs duties, 2.6 billion drams - for direct  taxes, 29.8 billion drams - for indirect taxes.

The Grand Tobacco Armenian-Canadian JV moved up to the 3rd place from  the 4th place year earlier, having paid 20 billion drams to the state  treasury, of which 1.2 billion drams - for customs duties, 4.9  billion drams - for direct taxes, 14.7 billion drams - for indirect  taxes.

International Masis Tobacco, which occupied the 6th place a year  earlier, moved up to the 4th place in H1 2022, having allocated 10.8  billion drams to the state budget, of which 1.1 billion drams for  customs duties, 2.8 billion drams for direct taxes , 7.4 billion  drams - for indirect taxes.

The top five is closed by Teghut (a year earlier, it ranked 7th), the   tax payments of which  amounted to 8.9 billion drams, of which 373.3  million drams were customs duties, 1.1 billion drams -direct taxes,  and 545.2 million drams -indirect taxes. The rest is accounted for by  other taxes and payments.

After 5 leaders, MTS Armenia is in the top ten - 6th place (against  8th place a year earlier), Agarak Copper- Molybdenum Combine - 7th  place (against 88th place a year earlier), "Flash" oil trader - 8th  lace (against 9th place a year earlier), Philip Morris Armenia - 9th  place (against 10th place a year earlier) and Mining and Metallurgy  Institute CJSC - 10th place (against 326th place a year earlier).   According to the data of the State Revenue Committee of the Republic  of Armenia, the 1000 largest taxpayers in Armenia paid 722.3 billion  drams to the state treasury in H1  2022, with a y-o-y growth of 24%. 

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