Armenia’s commercial banks paid 119.6 billion drams in taxes in 2024

YEREVAN, January 27. /ARKA/. All 18 Armenia-based commercial banks are in the list of 1000 largest corporate taxpayers in 2024, having paid 119.6 billion drams in various taxes, the State Revenue Committee said.

It said tax authorities collected about AMD 117.9 billion, while customs authorities – AMD 1.7 billion.

Some 63.4 billion drams were collected as profit tax, 42.7 billion drams as income tax,   3.9 billion drams were collected as VAT and 9.7 billion drams as  other taxes and duties.

The top five banks in terms of taxes paid in 2024 are Ameriabank – AMD 23.5 billion (7th place in the list of 1000 largest taxpayers), Acba Bank – AMD 13.3 billion (18th place), Inecobank – AMD 11.1 billion (23rd place), Unibank – AMD 7.9 billion (32nd place) and Converse Bank – AMD 7.8 billion (33rd place).

The list of the top 100 largest taxpayers include Ardshinbank – AMD 6.7 billion (42nd place), IDBank – AMD 6.4 billion (45th place), Araratbank – AMD 6.1 billion (48th place), Evocabank – AMD 5.6 billion (51st place), VTB Bank (Armenia) – AMD 5.4 billion (54th place), Armeconombank – AMD 5.2 billion (56th place), Ardshininvestbank (former HSBC Bank Armenia ) – AMD 5 bln (63rd place), AMIO BANK – AMD 4.5 bln (68th place) and Fast Bank – AMD 4.1 bln (74th place).

ArmSwissbank paid  2.9 billion drams (108th place), Mellat Bank – 1.51 billion drams (203rd place), Artsakhbank – 1.47 billion drams (211th place) and Byblos Bank Armenia – 1.1 billion drams (291st place).

The Central Bank of Armenia paid 2.1 billion drams in all taxes.-0-.

spot_img

POPULAR

EDB forecasts inflation in Armenia at 4.4% by the end of 2026

Inflation in Armenia will reach 4.4% year-on-year by the end of 2026, according to the Eurasian Development Bank (EDB).

“Anomaly in the Armenian market: Some bank bonds are trading at a yield lower than sovereign Eurobonds — KK Partners

The authors of the study "Free Lunch in Yerevan: An Arbitrage Anomaly in the Armenian Bond Market" draw attention to the unusual ratio of bank and sovereign bond yields for the debt market.

Armenia calls on Visa to reduce fees for cashless payments through POS terminals

RA Deputy Prime Minister Mher Grigoryan called on the international payment system Visa to discuss the possibility of reducing fees charged for cashless payments through POS terminals in Armenia.

Become a Unibank shareholder and acquire perpetual bonds with a 13.25% yield

Unibank is successfully placing newly issued shares worth AMD 3.9 billion as part of Armenia’s first hybrid investment offering.

Unibank’s Renamed “Tumanyan” Branch Opens at a New Location

Unibank’s branch, previously located in the Moscow Cinema building, has moved to a new location and has been renamed "Tumanyan."

LATEST NEWS

spot_imgspot_imgspot_img