Armenia-based banks pay 37.7 billion drams in various taxes in 4th quarter of 2013 -SRC

YEREVAN, January 30. / ARKA /. All 21 Armenia-based commercial banks appeared to be in the list of the 1000 largest taxpayers in the fourth quarter of 2013, paying a total of 37.7 billion drams in various taxes, the State Revenue Committee (SRC) said in a statement posted on its official website.

The SCR said of that amount more than 37. 5 billion drams were collected by tax authorities and some 170.5 million by customs authorities.

Some 35 billion drams of the overall amount were said to be direct taxes (income and profit taxes), indirect taxes accounted for approximately 2 billion drams (including VAT and excise tax), and another 569.6 million drams were collected as dues and compulsory payments.

Overall, the banks accounted for 5.6% of the total amount of taxes paid during that period by the 1000 largest taxpayers.

The largest amount of taxes was paid by VTB Bank (Armenia) -about 4.7 billion drams. It was 19th in the list of 1000 largest taxpayers.  HSBC Bank Armenia paid about 4.3 billion drams  (21st position), ACBA -CREDIT AGRICOLE BANK paid about 3.9 billion drams  (25th place) , Ardshininvestbank was said to have paid more than 3.4 billion drams  (36th place) and Ameriabank paid about 3 billion drams  (38th place) .

Unibank that paid about 2.9 billion drams was 40th , Araratbank paid about 2.1 billion drams  (47th) , Inecobank paid more than 2 billion drams (49th) , Armbusinessbank paid about 1.67 billion drams  (60th place) , Areximbank-Gazprombank Group paid about 1.65 billion drams  (63rd place) and Conversebank paid about 1.4 billion drams  (78th ) .

In general, the 1000 largest taxpayers paid 665 billion drams in various taxes in the fourth quarter of 2013, up from 558.5 billion drams paid in the last quarter of 2012. ($ 1 – 409.03 drams). -0-

spot_img

POPULAR

Changes in Byblos Bank Armenia’s Executive Management

Byblos Bank Armenia CJSC announces that the Bank’s Chief Executive Officer Hayk Stepanyan will conclude his tenure with the Bank effective August 1, 2026.

World Bank does not see significant risks in Armenia’s public debt rising to 50% of GDP

Armenia's public debt could increase to approximately 50% of GDP by the end of 2026, but the World Bank does not view this level as a significant threat to the country's macroeconomic stability, said Armine Manukyan, Senior Economist at the World Bank.

World Bank forecast inflation in Armenia at 4.6% in 2026: key factors identified

The World Bank forecasts inflation in Armenia at 4.6% by the end of 2026, up from 3.3% a year earlier, said Armine Manukyan, Senior Economist at the World Bank.

VTB (Armenia): “Stable” Deposit – Up to 10% Per annum and Opening via Mobile App

Retail clients of VTB (Armenia) can open a "Stable" deposit at a rate of up to 10% per annum when deposited in the national currency for a term of 12 months.

Armenia’s $5.9 billion reserves cover more than four months of imports: former Finance Minister calls this a hedge against external shocks

Armenia's $5.9 billion international reserves cover more than four months of imports and currently provide a fairly reliable hedge against external shocks.

LATEST NEWS

spot_imgspot_imgspot_img