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 […]
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), […]
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 […]
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 […]
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% […]
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 […]
Top IT Taxpayers, 2022
According to the 2022 data, 60 IT companies have been included in the list of Armenia’s largest 1000 taxpayers, These 60 IT companies paid about AMD 51 billion in taxes and fees or 2.7% of total income supervised by the State Revenue Committee (SRC). Note: The taxes paid by each company is calculated as the […]
Top IT taxpayers, 2022/9
In January-September 2022, 67 out of the top 1000 biggest taxpayers in Armenia are IT companies, In January-September 2022, the 67 IT companies from the list paid AMD 36.3 billion in taxes or 2.6% of the total income supervised by the State Revenue Committee (SRC). Note: The taxes paid by each company is calculated as […]
IT sector of Armenia, July 2022
As of July 2022, there are 2195 companies (individual entrepreneurs, LLC, CJSC) in the IT sector of Armenia, in contrast to 1554 as of February. 788 enterprises have only 1 employee and only 10 enterprises have 250 and more employees. It is worth mentioning that 2 out of these 10 enterprises were relocated to Armenia […]