Top IT taxpayers | Q1-2024/25

In the first quarter of 2025, 76 IT companies were among the 1000 largest taxpayers, contributing a total of AMD 19.0 billion to the state budget. This marks a decrease of AMD 337.5 million compared to the contributions of IT companies among the 1,000 largest taxpayers during the same period in 2024. In January-March 2025, […]

29.04.25
5 min read
IT companies
Top IT taxpayers | 2023-2024

In 2024, 80 IT companies were among the 1,000 largest taxpayers, contributing a total of AMD 84.4 billion to the state budget. This marks an increase of AMD 452 million compared to the contributions of IT companies among the 1,000 largest taxpayers in 2023. The IT companies included in the list of 1000 largest taxpayers […]

29.01.25
5 min read
tech-startup
Top 10 Armenia-born Tech Startups by Funding Size

Over the last 10 years, the top 10 Armenia-born tech startups by funding size raised around $490 million in funds, with Picsart accounting for 39.8% or $195 million. Among these startups, only Picsart and CodeSignal have raised Series C funding, securing $130 million and $50 million, respectively․ In 2024, EasyDMARC ($20 million), Podcastle ($13.5 million), […]

19.09.24
4 min read
it companies armenia 2024 h1
Top IT taxpayers | H1 2022-2023

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 […]

29.07.24
5 min read
it-professionals-armenia
The dynamics of the number of employed persons in the IT sector of Armenia

After the outbreak of the Russian-Ukrainian war, thousands of IT professionals left Russia and settled in Armenia. As a result, by the end of 2022, the number of registered IT professionals in Armenia increased by almost 46% compared to January 2022. However, due to the continuing devaluation of AMD, the outflow of Russian professionals, a […]

10.01.24
3 min read
it tax
Taxes paid by the top IT taxpayers | Q1-Q3 2022/23

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.

10.11.23
5 min read
Top IT
Top IT taxpayers | 2023 Q1-Q3

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% […]

27.10.23
4 min read
it taxpayers
Top IT taxpayers | 2023 Q1

In January-March 2023, 65 IT companies were included in the list of 1000 large taxpayers. In January-March 2023, IT companies from the list paid AMD 17.3 billion in taxes or 5% of the total income supervised by the State Revenue Committee (SRC). Note: The taxes paid by each company is calculated as the difference between […]

28.04.23
3 min read