Mon, 28 April
15.1 C
Yerevan
USD: 389.46 RUB: 4.73 EUR: 441.92 GEL: 141.70 GBP: 519.38
spot_img

Armenian banks’ taxes grow by 6.9 percent in first half of 2019

YEREVAN, August 9. /ARKA/. The list of Armenia’s 1000 largest corporate taxpayers in the first six months of 2019 includes all the 17 commercial banks operating in the country, which paid about 29.5 billion drams in various taxes and duties, up from 27.6 billion drams they had paid in the first half of 2018 (an increase of 6.9%), according to the numbers, released by the State Revenues Committee (SRC).

According to the SRC, the banks paid 13.3 billion drams in income taxes, 14.8 billion drams in payroll taxes, 2.3 billion drams in VAT and another 984.6 million drams in other taxes and duties.

The top five tax payers were Ameriabank – 5.1 billion drams (11th place), ACBA-CREDIT AGRICOLE BANK – 3.8 billion drams (17th place), Armbusinessbank – 2.8 billion drams (28th place), Inecobank – about 2.5 billion drams (34th place) and Ardshinbank – 2.1 billion drams (41st place).

The list of the first hundred largest taxpayers included also Converse Bank – 2.1 billion drams, ArmSwissBank – 1.6 billion drams, Armeconombank – 1.6 billion drams, Unibank – 1.4 billion drams, Araratbank – 1.3 billion drams, HSBC Bank Armenia – 1.3 billion drams.

In general, the 1000 largest taxpayers paid more than 511 billion drams in various taxes in the first half of 2019, by 14.4% or 64.4 billion drams more than in the same period of time in 2018. ($1 – 476.13 drams). -0-

spot_img

POPULAR

Armenia may access $25 mln from the IMF under the SBA agreement in June

An International Monetary Fund (IMF) team led by Iva Petrova visited Yerevan from March 31 to April 10, 2025, to conduct discussions for the fifth review under the Stand-By Arrangement (SBA) with Armenia.

Euro exchange rate down 1 point, while US dollar and ruble up

The average market exchange rate of the U.S. dollar to the Armenian dram on April 25, 2025, rose by 0.77 points compared to April 23 and amounted to AMD 390.33.

Armenian Banks Contribute AMD 28.3 Billion in Taxes During Q1 2025

In the first quarter of 2025, all 18 commercial banks in Armenia ranked among the top 1,000 taxpayers, collectively contributing AMD 28.3 billion in taxes and duties, as reported by the State Revenue Committee.

Armenia’s international reserves rose to $3.9 billion in March, providing 2.9 months of import coverage – WB

Armenia's international reserves increased to $3.9 billion in March 2025, offering 2.9 months of import coverage, according to the World Bank's Monthly Economic Update for April 2025.

Armenia Enters Top 10 Countries in the World with Lowest Inflation in 2024 – IMF

Armenia was among the top 10 countries in the world with the lowest annual inflation in 2024. Such data is provided in an IMF study on 156 countries.

LATEST NEWS

spot_imgspot_imgspot_img