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Zangezur Combine tops list of 1000 largest Armenian corp taxpayers

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  • Zangezur Combine tops list of 1000 largest Armenian corp taxpayers

    Zangezur Combine tops the list of 1000 largest Armenian corporate
    taxpayers in the first quarter of 2011


    YEREVAN, May 6. / ARKA /. The Zangezur Copper and Molybdenum Combine
    topped the list of 1000 largest corporate taxpayers in the first
    quarter of 2011, according to a report, unveiled today by Armenia's
    State Revenue Committee.

    The country's largest industrial enterprise, located in the southern
    province of Syunik, paid a total of 7.450 billion Drams in taxes and
    other mandatory payments in the first three months of the year,
    posting a remarkable growth from 1.216 billion Drams paid in the first
    quarter of 2010.

    According to the data, 7.108 billion Drams were collected by tax
    authorities, 341.8 million Drams by customs bodies. Of the overall
    amount some 4. 318 billion Drams were collected as direct taxes
    (profit and income taxes), 1.068 billion Drams as indirect taxes
    (including VAT and excise taxes) and 2.063 billion Drams as mandatory
    payments, dues and other taxes.

    The Zangezur Copper and Molybdenum Combine was followed by
    Armenian-Russian natural gas distributor ArmRosGazprom (ARG) that paid
    7.356 billion Drams of various taxes, up from 5.242 billion Drams paid
    for the same time span in 2010. Of that amount 7.237 billion Drams
    were collected by tax authorities and about 118.5 million Drams by
    customs bodies.
    The third position was occupied by Alex Grig company, the largest
    importer of foods that paid a total of 4.572 billion Drams, up from
    4.480 billion Drams paid for the first quarter of 2010. Alex Grig was
    followed by ArmenTel elecommunications company (trading as Beeline),
    that paid a total of 3.144 billion Drams, down from 3.463 billion
    Drams from a year earlier. Mobile operator K-Teelecom (trading as
    VivaCell-MTS) paid 2. 437 billion Drams, up from 2. 209 billion Drams
    paid in the first three months of 2010. City Petrol Group and
    Electrical Networks of Armenia (ENA) paid 2.125 billion Drams and
    2.032 billion Drams respectively.

    Overall, 1000 largest corporate taxpayers paid a total of 106.5
    billion Drams in various taxes. The figure represents a rise from 97.5
    billion Drams paid in the first quarter of 2010. ($1 - 373.16
    Drams).-0-




    From: A. Papazian
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