Armenian incumbents stump up USD94m in taxes in 9M14

5 Nov 2014

Armenia’s three principal telecoms service providers – ArmenTel, VivaCell-MTS and Orange Armenia – collectively paid the government a total of AMD38.50 billion (USD93.99 million) in taxes in the period January-September 2014, up from AMD35.80 billion in the corresponding nine months of 2013. According to official data published by the State Revenue Committee, AMD36.50 billion of the total was collected by Armenian tax authorities, AMD455.50 million by customs and AMD1.90 billion was accrued from ‘other taxes and duties’.

VivaCell-MTS, which is owned by Russia’s Mobile TeleSystems (MTS, 80%) and Lebanon’s Fattouch Group (20%), accounted for the lion’s share of the taxes handed over, paying a total of AMD22.15 billion in the nine-month period, the Committee said. Meanwhile, Vimpelcom-owned ArmenTel (Beeline) contributed AMD12.80 billion and Orange Group’s local unit Orange Armenia handed over AMD3.40 billion. The State Revenue Committee’s document confirmed that in total, the country’s top 1,000 corporate taxpayers paid more than AMD504 billion in taxation, up 5% from AMD480 billion a year earlier.