Friday, October 27 2023 12:09

ArmInfo. In January-September 2023, the four telecommunication operators of  Armenia increased tax payments to the state budget by 20.4% - up to  AMD 30.7bln ($78mln). Of this amount, AMD 7.8bln came from direct  taxes (including profit tax, income tax), and AMD 13.1bln from VAT. 

For the second year in a row, the leader among telecom operators in  Armenia is MTS Armenia (trademark VivaCell-MTS), which paid AMD  12.6bln to the state treasury in January-September 2023, of which AMD  4.3bln were in direct taxes (incl. profit tax, income tax), and AMD  5.2bln for VAT. In the list of 1,000 largest taxpayers, the company  dropped from 5th to 12th position over the year.

Next comes UCom, which moved from 28th position to 18th, having  contributed AMD 9.7bln to the state budget through taxes, of which  AMD 1.2bln - for direct taxes (including profit tax, income tax) and  AMD 4bln as VAT.

Telecom Armenia (TEAM brand) took 27th place in the list of largest  taxpayers (versus 21st a year earlier), having contributed AMD 6.8bln  to the state budget in taxes, of which AMD 1.5bln in direct taxes and  AMD 3.3bln as VAT.

GNC Alpha (Rostelecom trademark) dropped from 138th position to  160th, having paid AMD 1.4bln to the state budget in taxes, of which  AMD 743.4mln in direct taxes (including income tax, income tax) and  AMD 580mln as VAT.

In the total tax revenues of 1,000 large taxpayers, the share of the  four telecommunication operators increased slightly over the year  from 2.3% to 2.4%.

In January-September 2022, the four operators paid a total of AMD  25.5bln ($63mln) to the state budget in taxes, of which AMD 7.9bln  were for direct taxes and AMD 11.8bln for indirect taxes. During this  period, the leader among telecom operators in terms of tax payments  was also MTS Armenia, followed by Telecom Armenia, UCom, and GNC  Alpha. (The calculated dram exchange rate as of September 30, 2023  was 393.40 AMD/$1).