Thu, 3 April
10.7 C
Yerevan
USD: 391.16 RUB: 4.65 EUR: 422.18 GEL: 141.47 GBP: 505.97
spot_img

Taxes paid by SMEs dropped by 2.3 percent in 2017

YEREVAN, July 3. /ARKA/. The amount of taxes paid in 2017 by Armenia’s SMEs decreased by 2.3% from the previous year to 209.4 million drams, according to a report by the Business Support Office.
According to the report, the share of SME in all taxes paid in 2017 decreased to 16.7% from 29.8% in 2016.

According to the state register, in 2017 there were 180,000 registered taxpayers in Armenia, of which only 59.2% or 106,596 were active tax payers. Their number increased by 5, 593 as compared to the previous year.

“This difference between the registered taxpayers and the active ones lies in the complicated process of bankruptcy, which causes companies to freeze their activities, rather then shut down. As a result, the number of inactive taxpayers grows,” the report says.

In 2017, 77% of the active taxpayers (82,209) were SMEs, of which 76,615 were micro-businesses, 4,570 were small businesses and 1,024 were medium-sized businesses.

The turnover of the SME over the past three years averaged a third of the country’s GDP. In 2017 it was 1.920.3 trillion drams (an increase of 14.2%) or 34.4% of GDP. Simultaneously, the share of microbusiness in GDP was 11.1% (619 billion drams), small business – 11.7% (655 billion drams) and that of medium businesses – 11.6% (644 billion drams). ($ 1 – 482.49 drams). -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Fitch Ratings has affirmed Armenia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB-‘ with a Stable Outlook.

Fitch Ratings has affirmed Armenia's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB-' with a Stable Outlook

EDB forecasts Armenia’s economic growth of 5.5% in 2025

In its weekly macroeconomic review, the EDB forecasts Armenia's economic growth to be 5.5% in 2025.

Armenia and Germany to cooperate in financial sphere

An agreement on financial cooperation has been signed between the governments of Armenia and Germany, as reported by Armenian Minister of Economy Gevorg Papoyan on his Facebook page.

LATEST NEWS

spot_imgspot_imgspot_img