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Armenia’s commercial banks on list of 1000 top taxpayers in Q3

YEREVAN, October 28. /ARKA/. All Armenian commercial banks appeared on the list of top 1,000 tax payers of the country in the third quarter of 2013, having paid a total of about 29.6 billion drams to the government budget, the website of Armenia’s State Revenue Committee reports.

Tax collection by tax authorities amounted to over 29.4 billion drams; duties collected by the customs bodies totalled around 150.4 million drams.

Direct taxes (profit tax, income tax) exceeded 27.5 billion drams; indirect taxes (including VAT and excise tax) were about 1.5 billion drams; other taxes, duties and mandatory payments amounted to 522.2 million drams.

The banks accounted for 6.1% of the overall volume of taxes paid by 1,000 top taxpayers of Armenia in the reporting quarter.

The five biggest bank taxpayers were HSBC Bank Armenia (about 3.6bln drams, 17th place), Bank VTB (Armenia) (about 3.6bln drams, 18th), ACBA-CREDIT AGRICOLE BANK (about 3bln drams, 22nd), Ardshininvestbank (over 2.7bln drams, 28th), as well as Ameriabank (about 2.46bln drams, 35th).

The following banks were among the first hundred biggest taxpayers: Unibank (about 2.24bln drams, 38th), Araratbank (about 1.7bln drams, 44th), Inecobank (over 1.56bln drams, 48th), Areximbank-Gazprombank Group (about 1.3bln drams, 56th), Armbusinessbank (about 1.2bln drams, 62nd) and Conversebank (about 1.1bln drams, 75th).

In general, the top 1,000 taxpayers have paid a total of over 479.9 billion drams to the state budget in the third quarter of 2013, as compared to 394.9 billion drams in the same period of the year before. ($1=405.84drams). –0—

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