Armenian banks paid 9.8 billion drams in taxes for first quarter of 2017

27.04.2017 16:17
Armenian banks paid 9.8 billion drams in taxes for first quarter of 2017

YEREVAN, APRIL 27. /ARKA/. The list of Armenia’s 1000 largest corporate taxpayers in the first quarter of 2017 includes all local 17 commercial banks, which paid about 9.8 billion drams in various taxes, up from 9.3 billion drams they had paid for the first quarter of 2016, the State Revenue Committee said.

According to the official data, of that amount more than 9.7 billion drams were collected by tax authorities and about 81.9 million drams by the customs authorities. About 8.6 billion drams were direct taxes (income tax, personal income tax), and 637.3 million drams were indirect taxes, including VAT and excise taxes. Another 577.3 million drams were collected as other taxes, duties and mandatory payments.
Overall, the banks accounted for 5.6% of the total amount of taxes collected in the first three months of 2017.

The top five leading banks by size of paid taxes were VTB Bank (Armenia), which paid about 1.19 billion drams (21st place), ACBA-CREDIT AGRICOLE BANK - 1 billion drams (24th place), Anelik Bank - 971.9 million drams (26th place), Ameriabank - 922.6 million drams (28th place) and Armbusinessbank - 906.5 million drams (29th place).

The list of one hundred largest taxpayers included also Ardshinbank - 853.7 million drams, Inecobank - 815.6 million drams, Unibank - 687.4 million drams, Converse Bank - 589.7 million drams, Armeconombank - 456.7 million drams, Araratbank - 420.2 million drams, ArmSwissbank - 369.7 million drams and Prometey Bank - 353.1 million drams.

In general, Armenia’s 1000 largest corporate taxpayers paid over 174.9 billion drams in various taxes in the first three months of 2017, up 11.7% or 18.4 billion drams from the first quarter of 2016. ($ 1 - 484.53 drams). - 0-


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