Grand Tobacco named top Armenian taxpayer
Grand Tobacco tops the list of Armenia's 1,000 major taxpayers as of the four quarters of 2019.
A recently released index by the State Revenue Committee reveals that company paid AMD 57.04 billion worth taxes to the State Budget compared to the AMD 42.22 billion in 2018 (AMD 478 = USD 1).
The second biggest taxpayer is the Zangezur Copper Molybdenum Combine with total budgetary taxes of AMD 51.36 billion. The company's revenues in the reporting period amounted to an estimated AMD 41.05 billion.
Gazprom Armenia comes next with total revenue taxes of AMD 43.64 billion (instead of the 39.98 billion in 2018).
International Masis Tabak is the fourth on the ranking. The company's share in the State Budget increased from AMD 13.13 billon in 2018 to AMD 19.22 billion in 2019.
All in all, last year's budgetary revenues increased by 13% or AMD 122 billion to an an estimated AMD 1.61 trillion (compared to 2018).
JTI-Armenia concludes the top five list with total revenue taxes worth AMD 16.44 billion. In 2018, the company ranked the seventh with estimated taxes of AMD 13.99 billion.
The full list of the major taxpayers can be accessed here
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