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Small Businesses In Armenia Continue Bearing Brunt Of Increased Tax

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  • Small Businesses In Armenia Continue Bearing Brunt Of Increased Tax

    SMALL BUSINESSES IN ARMENIA CONTINUE BEARING BRUNT OF INCREASED TAX BURDEN AS LARGE COMPANIES' PART NOT GROWING

    YEREVAN, July 31. /ARKA/. Small and medium businesses continue bearing
    brunt of the increasing tax burden, while large companies' part in
    Armenia's tax revenue is not becoming more significant, Haykakan
    Zhamanak newspaper says commenting the largest 1000 taxpayers list
    released by the State Revenue Committee.

    The ten taxpayers that is topping the list have transferred AMD 80.5
    billion to the government budget for the first six months of this
    year - 10.4% -year on year growth, while the ten companies closing
    the list have sent AMD 459.4 million to the budget over the same
    period showing 28.5% year-on-year growth.

    "It means small companies have outdone the largest taxpayers 2.8
    times in building up their tax flows," the newspaper says.

    The ten largest companies' share was 18.4% of the budget tax revenue
    in the first half of 2012, while in the same period of this year
    their share shrank to 16.8%.

    ArmRosgazprom is topping the 2nd Q 2013 list of 1,000 largest
    taxpayers. The company paid AMD 19.4 billion in the Jan-June 2013
    against AMD 18.2 billion in the same period a year before.

    The second largest taxpayer in the list is Zangezur Copper and
    Molybdenum Combine with its more than 12.8 billion paid for the second
    quarter of this year against AMD 11.3 billion paid at the same quarter
    a year earlier.

    K-Telecom (traded as VivaCell-MTS), with its more than AMD 11.2 billion
    paid for the second quarter of this year against 7.2 billion a year
    before, came third in the list.

    K-Telecom is followed by Armenia Telephone Company, with its more
    than AMD 7.5 billion against AMD 6.1 billion in Jan-June 2012.

    Alex Grig is placed fifth in the list. It transferred AMD 6.7 billion
    to the government budget in Jan-June 2013 against AMD 9.3 billion in
    the same period of the previous year

    Flash, GeoProMining Group, Electric Networks of Armenia, Sam-
    Ser Group and CPS Oil Cоrporation found themselves among top ten
    taxpayers as well.

    The 1000 largest taxpayers of Armenia have transferred AMD 313.8
    billion to the government budget for the second quarter against AMD
    261.9 at the same period a year before. ($1 - AMD 409.90). ---0---

    - See more at:
    http://arka.am/en/news/economy/small_businesses_in_armenia_continue_bearing_brunt _of_increased_tax_burden_as_large_companies_part_n/#sthash.1mB71MF0.dpuf

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