ARMENIA’S NATURAL GAS OPERATOR PAYS MORE TAXES THAN ANY OTHER COMPANY

/ARKA/
October 29, 2010
YEREVAN

YEREVAN, October 29, /ARKA/. Armenia’s natural gas operator ZAO
ArmRosGazprom, paid a total of 12.9 billion Drams in various taxes
in the first nine months of the year, more than any other company,
the State Revenue Committee said in a report.

According to the report, the total amount of taxes paid by Armenia’s
largest corporate taxpayers grew by 18% year-on-year to 254.7 billion
Drams. But the growth was due to rise in indirect taxes which grew
in the reporting period of time by 29% year-on-year to 139.4 billion
Drams. The volume of direct taxes slashed by 5.5% to only 52.44
billion Drams.

Compared to the first nine months of 2009 the share of direct taxes
paid by largest taxpayers slashed from 26% to 21% this year.

Other largest taxpayers are Alex Grig company (12.3 billion Drams),
K-Telecom (trading as VivaCell-MTS, 12.2 billion Drams) ArmenTel
telecommunications company (11.1 billion Drams) and Zangezur copper
smelter (8.8 billion Drams).

From: A. Papazian