IT companies increased tax payments to state budget by 3.5%

ArmInfo. In January-March 2024, 84 IT companies were included in the list of 1000 large taxpayers of Armenia, which allocated 20.8 billion drams to the state  budget, which is 3.5% or 728 million drams more than a year ago. This  is stated in a study by the Modex consulting company.

According to the source, tax payments from IT companies account for  4.2% of total government revenues.  Among the TOP-5 largest taxpayers  operating in the technology sector are the following companies:   Synopsys Armenia, EPAM, Picsart, KEH Amenia (Avito) and Tinkoff.

At the same time, in total, 84 IT companies paid 1.3 billion drams in  income tax, among which Synopsis Armenia is also the leader with an  8% share (income tax was 97.8 million drams).

In January-March 2024, the 1000 largest taxpayers of Armenia  replenished the state treasury with 387.1 billion drams, which is 1.6  percent more than a year ago.