The turnover of the RA IT sector in 2023 at current prices was about 837 billion drams, 252 billion drams or 43% more than last year.
In January-June 2024, 79 IT companies were included in the list of 1000 large taxpayers, and they provided a net income of AMD 45.9 billion for the state budget, which is AMD 123 million less than in the same period of 2023. The IT companies included in the list of 1000 largest taxpayers together provided […]
In January-June 2024, RA banks registered AMD 172 billion net profit, which is about 1.2 times higher than last year. The highest profit was registered by Ardshinbank (AMD 50 billion). All banks made a profit, but 4 out of 18 commercial banks recorded a decrease in net profit.
You can learn more about the IT sector of Armenia in the report prepared by Modex advisory company.
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.