ZANGEZUR COPPER AND MOLYBDENUM ENTERPRISE BIGGEST ARMENIAN
TAXPAYER BY RESULTS OF 2006
26-01-2007 18:40:00 | Armenia | Economy
YEREVAN, JANUARY 26, NOYAN TAPAN. The State Tax Inspection
adjunct to the Armenian government published the list of 300
biggest tax paying companies by the results of 2006. The
Zangezur Copper and Molybdenum Enterprise tops the list: the
total amount of taxes and duties paid by this enterprise makes
more than 32 bln 805.5 mln drams (over 78.8 mln USD). The next
three places are occupied by the following companies: ArmenTel
which provides public services - 20 bln 257.3 mln drams,
ArmRusgazprom - 13 bln 733.4 mln drams, and mobile phone
communication operator K-Telecom - 9 bln 412 mln drams. Electric
Networks of Armenian is in 8th place - about 5 bln 250 mln
drams.
Flash (about 9 bln 400.5 mln drams) and City Petrol Service
(over 8 bln 784.8 mln drams) - the companies mainly engaged in
fuel import - are in 5h and 6th place respectively of the 2006
Big Taxpayer List, while cigaratte importing Pares Armenia is in
7th place (7 bln 53.7 mln drams). Salex Group, a company that
imports and sells foodstuffs, is in 9th place (more than 5 bln
80.4 mln drams), and local cigarette producers Grand Tobacco
(about 4 bln 438.3 mln drams) and International Masis Tobacco
(about 4 bln 238 mln drams) are in 10th and 11th place
respectively.
By last year's results, the biggest taxpayer in electricity
generation sector was the Armenian Nuclear Power Plant (12th
place), in production of alcoholic drinks - Yerevan Brandy
Company (15th place), car import - Armenia Lada (16th place),
banking sector - HSBC Bank Armenia (27th place), food production
- Grand Candy (33rd place), beer, juice and soft drink
production - Yerevan Beer (35th place) and in constriction
sector - North Island (62nd place).
In 2006, 43 taxpayers paid taxes and duties of over 1
billion drams. In the indicated year, the total amount of state
revenues collected by the State Tax Inspection made 220 bln 683
mln drams, while Armenia's GDP - 2 trillion 665 bln 663.4 mln
drams.