Armenian banks paid 40.5 billion drams in taxes in 2017

YEREVAN, February 1. /ARKA/. The list of Armenia’s 1000 largest corporate taxpayers in 2017 includes all 17 commercial banks operating in the country, which paid about 40.5 billion drams in taxes, up from 34.4 billion drams paid in 2016, the State Revenue Committee said.

Of that amount about 40.2 billion drams were collected by the tax authorities, and about 278.9 million drams by the customs authorities. Some 36 billion drams were direct taxes (income and payroll taxes), 2.23 billion drams were indirect taxes (including VAT and excise tax), and another 2.2 billion drams were other taxes, duties and mandatory payments.

The five leading banks by size of paid taxes last year were Ardshinbank – 4.7 billion drams (26th place), VTB Bank (Armenia) – about 4.2 billion drams (29th place), ACBA-CREDIT AGRICOLE BANK – 4.18 billion drams (30th place), Ameriabank – 4 billion drams (32nd place) and Armbusinessbank – 3.3 billion drams (43rd place).

The list of the 100 largest taxpayers includs also Inecobank – 3 billion drams, Anelik Bank – 2.7 billion drams, Unibank – 2.6 billion drams, Converse Bank – 2.47 billion drams, Araratbank – 2 billion drams, ArmSwissbank – 1.8 billion drams, Armeconombank – 1.7 billion drams.

Overall, the 1000 largest taxpayers paid over 807.4 billion drams in various taxes last year, by 12.7% or 91.2 billion drams more than in 2016. ($ 1 – 480.81 drams). -0-

spot_img

POPULAR

Armenia to Receive €170.3 Million IBRD Loan for Economic Transformation

On Wednesday, the Armenian government approved a proposal to sign a €170.3 million loan agreement with the International Bank for Reconstruction and Development (IBRD, a World Bank entity).

Armenia’s banking system is capitalized significantly above regulatory requirement: Central Bank Governor

Armenia's banking system is adequately capitalized and has sufficient liquidity buffers, stated Central Bank Governor Martin Galstyan.

Euro, dollar, and ruble exchange rates against the Armenian dram rose: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, as of May 27, 2026, increased by 0.31 points compared to May 26, reaching 368.05 drams.

VTB (Armenia) Offers Package Offer for Sole Proprietors

VTB (Armenia) has launched a package offer for sole proprietors, including a current account, a business card, and a remote banking system.

AMX’s key goal is integration into international capital markets – CEO

One of the key goals of the Armenia Securities Exchange (AMX) is the integration of the Armenian capital market into international markets, stated AMX CEO Hayk Yeganyan.

LATEST NEWS

spot_imgspot_imgspot_img