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

EBRD to provide $20 million to support refugees and young entrepreneurs in Armenia

The EBRD will provide $20 million (€17.1 million) to improve access to finance for refugees and young entrepreneurs in Armenia, the EU Delegation to Armenia announced on Facebook.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (June 1-7)

The week in Armenia's financial market was dominated by inflation data, currency dynamics, and the Central Bank's comments on the banking sector.

EBRD has appointed a new head of its office in Armenia

The European Bank for Reconstruction and Development (EBRD) has appointed Remon Zakaria as the new head of its Yerevan Resident Office, effective 1 September 2026, replacing George Akhalkatsi.

IMF committed to close and long-term cooperation with Armenian authorities – Managing Director

The IMF is committed to close and long-term cooperation with the Armenian authorities, stated IMF Managing Director Kristalina Georgieva in a congratulatory message to Armenian Prime Minister Nikol Pashinyan on his victory in the parliamentary elections.

Armenian dram exchange rate fell by 4.25 points, while the dollar and ruble remained unchanged: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, determined on the Armenian foreign exchange market as of June 8, 2026, fell by 0.01 points compared to June 5, to 368.53 drams.

LATEST NEWS

spot_imgspot_imgspot_img