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Top IT taxpayers | Q1-2025/26

In the first quarter of 2026, 78 IT companies were among the 1000 largest taxpayers, contributing a total of AMD 28 billion to the state budget. This marks a increase of AMD 9 billion compared to the contributions of IT companies among the 1,000 largest taxpayers during the same period in 2025. In January-March 2026, […]

27 April, 2026

4 min read

What Share of Mortgage Interest Payments Is Reimbursed through Income Tax Refunds?

According to a study conducted within the framework of the German Economic Team (GET) project by Berlin Economics and Modex of the mortgage subsidy programme,, based on the cohort of beneficiaries at the end of 2024, 48% of active mortgage loans receive a refund from the state budget covering 90%–100% of their interest payments. At […]

30 March, 2026

3 min read

How much will be refunded from the state budget to beneficiaries of the mortgage subsidy programme?

In 2015–2025, the total amount of income tax refunded from the state budget to beneficiaries of the mortgage subsidy programme, equivalent to the interest payments on mortgage loans, amounted to AMD 305 billion. According to a study conducted within the framework of the German Economic Team (GET) project by Berlin Economics and Modex, total refunds […]

25 March, 2026

4 min read

Top Insights

Top IT taxpayers | Q1-2025/26

What Share of Mortgage Interest Payments Is Reimbursed through Income Tax Refunds?

How much will be refunded from the state budget to beneficiaries of the mortgage subsidy programme?

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