Armenia-based banks paid 27.6 billion drams in taxes and duties for first half of 2018

YEREVAN, July 30 /ARKA/. All 17 Armenia-based commercial banks are in the list of 1000 largest taxpayers for the first half of 2018. They paid about 27.6 billion drams in taxes and duties, up from 21.6 billion drams paid for the first half of 2017, the State Revenue Committee (SRC) said.

According to SRC, about 25 billion drams were collected as direct taxes (income tax and payroll tax), and about 915.6 million drams as indirect tax (VAT and excise tax), and another 1.6 billion drams were collected as other taxes, duties and mandatory payments.

The five leading banks by size of paid taxes are Ameriabank – 3.7 billion drams (19th in the list of 1000 largest taxpayers), ACBA-CREDIT AGRICOLE BANK – 3.16 billion drams (22nd), Inecobank – 2.9 billion drams (27th) Ardshinbank – 2.5 billion drams (31st), VTB Bank (Armenia) – about 2.4 billion drams (33rd ).

The list of the first hundred largest taxpayers included also Armbusinessbank – 2.2 billion drams, Converse Bank – 2.1 billion drams, Armeconombank – 1.4 billion drams, ArmSwissbank – 1.13 billion drams, Unibank – 1.11 billion drams, Araratbank – 1 billion drams, HSBC Bank Armenia – 971.5 million drams.

Overall, Armenia’s 1000 largest corporate taxpayers paid over 446.6 billion drams in various taxes in the first half of 2018, by 18% or 68.1 billion drams more than in the same period of time in 2017,. ($ 1 – 480.89 drams). –0-

spot_img

POPULAR

The “New Partner” loan is gaining popularity among VTB (Armenia) clients

VTB (Armenia) is seeing steady growth in demand for its small business loan product with a simplified application process—no collateral required, no additional financial analysis required.

Armenia’s gross reserves rose to $5.5 billion in March, providing 4.1 months of import coverage – WB

Gross reserves in Armenia increased to $5.5 billion at the end of March, equivalent to 4.1 months of import coverage, according to the World Bank's "Armenia Monthly Economic Update – March 2026."

Assets of Armenian banks increased by 16.67% to 13.15 trillion drams as of the end of Q1 2026

Total assets of Armenian banks as of March 31, 2026, amounted to 13.1 trillion drams, an increase of 16.67% compared to March 31, 2025.

ADB considers Armenia’s capital market development key to long-term financing, investment, and sustainable growth

Developing Armenia's capital market is considered key to increasing the availability of long-term financing and supporting investment, economic diversification, and sustainable growth, according to the ADB's Asian Development Outlook (April 2026).

Central Bank of Armenia should be prepared to raise refinancing rate – IMF

The Central Bank of Armenia should be prepared to raise the refinancing rate as needed to return inflation to the target level amid rising inflationary pressures and heightened uncertainty, stated Alexander Timan, head of the IMF mission to Armenia.

LATEST NEWS

spot_imgspot_imgspot_img