Due to the Russian-Ukrainian war, many companies moved from Russia to Armenia, in particular, 5 of the 20 largest employers in the field of IT services in Armenia are such companies.
Note: The taxes paid by each company is calculated as the difference between the total amount paid by the company and the amounts returned to the unified account in terms of VAT and excise tax.
In January-September 2023, 69 IT companies were included in the list of 1000 large taxpayers. In January-September 2023, IT companies from the list paid AMD 59 billion in taxes or 4.2% of the total income supervised by the State Revenue Committee (SRC). 69 IT companies paid AMD 8.4 billion as profit tax, of which 20% […]
In January-September 2023, RA banks registered AMD 215 billion net profit, which is about 11% more than last year. The highest profit was registered by Ardshinbank (AMD 56.9 billion). All banks made a profit, but 6 out of 18 commercial banks recorded a decrease in net profit.
It is noteworthy that in the case of individual companies, transactions with related parties may not be expressed in real prices, which may have a significant impact on the evaluation of the company’s performance.