The State Revenue Committee (SRC) of Armenia has published a list of the country's 1,000 largest taxpayers for the first half of 2024. The data shows significant changes in the amounts of taxes paid compared to the same period last year.
According to SRC data, in the first half of 2024, the total amount of tax and customs payments exceeded 900.4 billion drams, which is equivalent to more than 2.3 billion US dollars.
Notably, this figure shows a significant increase compared to the same period last year. In particular, the volume of payments increased by 25.9 billion drams (more than 66.8 million dollars).
The leader of the list is the Zangezur Copper-Molybdenum Combine (ZCMC), which paid 64 billion drams (over 164 million dollars) in taxes. This is 84% more than in the first half of 2023.
In second place is "Mobile Center" with 32.3 billion drams (over 83 million dollars). The company, specializing in the import and export of electronics, doubled its tax payments compared to last year, largely due to re-exports to Russia.
The third position is held by "Gazprom Armenia," which paid 27.5 billion drams (70 million dollars). However, this is 3.1 billion drams (about 8 million dollars) less than in the same period last year.
Holding the fourth spot in the ranking of largest taxpayers is the tobacco company "Grand Tobacco," which contributed 23.5 billion drams (equivalent to 60 million dollars) to the budget.
Rounding out the top five is Pretty Way, a company specializing in household appliances and known to consumers through the Vesta store chain. Notably, the company's tax payments increased by 2 billion drams (about 5 million dollars) compared to the same period last year.
An interesting situation has developed in the banking sector. The largest banks in the country, "Ardshinbank" and "Ameriabank," significantly reduced their tax payments despite increasing profits. "Ardshinbank" cut taxes by 69%, paying 5.9 billion drams (15 million dollars), while increasing its net profit to 50 billion drams (over 128 million dollars). "Ameriabank" reduced its tax payments to 17.5 billion drams (over 50.8 million dollars) but increased its profit to 27.3 billion drams (over 70 million dollars).
It is also worth noting the company "Soft Contract" (brand Vivaro), which increased its tax payments by 66% to 9.3 billion drams (about 24 million dollars).
These data reflect the dynamic changes in Armenia's economy, with growth observed in sectors related to mining, electronics, and technology, alongside changes in the tax burden within the banking sector.
