Taxes paid by the top IT taxpayers | Q1-Q3 2022/23

it tax

  • In January-September 2023, the total taxes paid by the top 20 IT taxpayers amounted to AMD 40 billion which is two times higher than the same period of the previous year.
  • Compared to the same period of 2022, Veeam Armenia recorded the highest increase in paid taxes - about 6 times.
  • In the case of 3 out of 20 companies, paid taxes decreased (Picsart, Energize Global Services և Quantori). In the case of Energize Global Services, the decrease was mainly due to reductions in profit tax payments, in the case of Quantori - reductions in income tax payments, in the case of Picsart - reductions both in profit tax and income tax payments.

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.