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Armenian IRS publishes list of 100 largest taxpayers of Republic

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  • Armenian IRS publishes list of 100 largest taxpayers of Republic

    ARMENIAN INTERNAL REVENUE SERVICE PUBLISHED LIST OF 1000 LARGEST TAXPAYERS OF REPUBLIC

    ArmInfo News Agency, Armenia
    Nov 3 2006

    The Armenian Internal Revenue Service has published a list of the
    1000 largest taxpayers of the republic in Jan-Sep 2006.

    The Zangezur Copper-Molybdenum Complex whose payments to the budget
    in Jan-Sep 2006 made up 22.737 bln AMD takes the 1st place on the
    list. The "ArmenTel" CJSC ranks next - 13.004 bln AMD. The 3rd place
    is taken by the "ArmRosgazprom" CJSC - 8.364 bln AMD. The "Flesh" oil
    trading company is in the 4th place - 7.196 bln AMD. "K-Telecom", the
    second telecom provider in Armenia, paid 5.854 bln AMD and held the
    6th position, leaving behind the "Electricity Networks of Armenia"
    CJSC which held the 8th place - 4.453 bln AMD. The Armenian Nuclear
    Power Station, the "International Airports of Armenia", the "Yerevan
    Brandy Factory", the "Armenia-Lada" and "Karkomavto" are in the top
    twenty.

    This list changes the idea about competitive companies. For example,
    the "Araratcement" company was always said to take lead over "Mika
    Cement" by its outputs, but the amount of taxes paid changes this
    picture. Thus, if the "Mika Cement" Company paid 271.4 mln AMD and
    held the 117th place, the "Arararatcement" is in the 130th place with
    247.5 mln AMD tax payments. The "Yerevan Beer" held the 28th place -
    976 mln AMD, and the "Kotayk Beer Factory" is in the 58th place - 531
    mln AMD. The "Ararat Cognac Wine Vodka Factory of Yerevan" held the
    168th place - 188.4 mln AMD. It should be noted for comparison that
    the Yerevan Brandy Factory is in 14th place - 1.8 bln AMD. The "Multi
    Group Concern" which belongs to Gagik Tsarukyan, a famous
    entrepreneur, is in the 247th place on the list and its taxes made up
    only 133 mln AMD. The latter has left behind the Charitable Fund for
    Micro-Entrepreneurship Development. "Mika Armenia Trading", another
    large Armenian concern has held the 21st place - 1.341 bln AMD.
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