ArmRosgazprom Tops List of 300 Largest Taxpayers of Armenia

Jul 28th, 2010 | Category: Economy

ArmRosgazprom Tops List of 300 Largest Taxpayers of Armenia ArmRosgazprom Tops List of 300 Largest Taxpayers of ArmeniaBy Victoria Vardanyan

YEREVAN, July 28– The State Revenue Committee issued a list of 300 largest taxpayers in Armenia.

Almost no changes are observed in the list. Again, major importers of fuel and cigarettes, mobile operators and companies in the field of regulated tariffs, are in the list of biggest taxpayers in the country. The list is headed by ArmRosgazprom.

According to the Committee, the top ten largest taxpayers include K-Telecom (7.2 billion dram), Flash (5.4 billion dram), City Petrol Group (4.7 billion dram), Zangezur Copper-Molybdenum Combine (4.2 billion dram), Electric Networks of Armenia (3.3 billion dram), Distribution Vidis (3.1 billion dram), and in tenth place is International Masis Tobacco (3.1 billion dram).

Note that the largest taxpayers of Armenia paid 22 percent more in taxes this year than the same period the previous year of the crisis.

A spokesman for the company ArmRosgazprom Shushan Sardaryan, in an interview with Radio Liberty, said: “If you have noticed, as compared with the previous year, the tax payments increased in the half-year, particularly on the part of the VAT, and this is mostly because of the tariff increase. With regard to the consumer market, it has also decreased compared with the previous year and according to the first quarter  it has decreased about 14 percent, the data for the first half of the year is still being determined. Nevertheless, the major part of tax payments weighty argument is the increase of VAT.”

Large companies in Armenia continue to show surprisingly low profits, giving a new impetus to talk about the economy problems. Meanwhile, Prime Minister Tigran Sarkisian said that these large companies will become the number one target of government efforts to reform the tax administration.
Yerevan Report


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  1. The Armenian Tax Service publishes a variety of taxpayer lists. Please visit the following page:

    http://www.taxservice.am/index.php?menuID=173&tid=2&pid=&lng=9

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