Taxes paid by Armenian banks in 2021 grew by 7.7% from 2020

YEREVAN, February 16. /ARKA/. All 17 Armenia-based commercial banks paid last year 52.286 billion drams in various taxes, by 3.2 billion drams or 6.5% more than in 2020, while the amount of direct taxes grew by about 1.9 billion drams or 4.4% to 44.732 billion drams, Deputy Executive Director of the Union of Banks of Armenia (UBA) Arman Sargsyan said at a press conference on Wednesday.

According to Sargsyan, the average amount of taxes paid by a bank in 2021 totaled 3.076 billion drams, which was more than two times more than the average tax paid by other business entities – 1.175 billion drams.

The average profit and income taxes paid by the banks was 1.631 billion dram, 4 time more that the same tax paid by other entities -373 million drams.

According to the State Revenue Committee of Armenia, all 17 commercial banks operating in the country were in 2021 among the 1000 largest corporate taxpayers.

Of all taxes paid by the banks in 2021 some 40.7 billion drams were collected by tax authorities and over 181.9 mln drams by customs authorities. ($1 – 479.13 drams). -0-

spot_img

POPULAR

US dollar and ruble exchange rates against the Armenian dram rose, while the euro rate fell – Central Bank of Armenia data

The average market exchange rate of the US dollar against the Armenian dram in Armenia's currency market rose by 0.18 points on October 7 compared to October 6, reaching 362.32 drams.

“The Golden Hour”: IDBank explains how to respond effectively to a scam attack

In medicine, there is a concept known as the “golden hour” – the critical time after an injury when assistance is most effective.

Donate Blood, Save Lives: Idram&IDBank

To support the replenishment of necessary blood supplies and promote a culture of blood donation, Idram and IDBank have joined the voluntary blood donation initiative organized by the Yeolyan Hematology and Oncology Center.       

Armenia targets 6% annual GDP growth – Prime Minister

The Armenian government aims to ensure an average annual economic growth rate of 6% over the next five years, Prime Minister Nikol Pashinyan stated.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (September 28 – October 4)

The week's financial agenda combined discussions on reforms with the IMF, supervisory measures by the Central Bank of Armenia (CBA), and preparations for budget financing. The banking and corporate segments of the capital market saw the completion of bond placements.

LATEST NEWS

spot_imgspot_imgspot_img