List of 1,000 largest taxpayers includes 67 IT companies that have paid more than $ 90 million in taxes

According to data for January-September, the list of 1,000 largest taxpayers included 67 IT companies. For comparison, in the first half of this year, only 39 IT companies were included in the list of large taxpayers in Armenia.

Sixty-seven IT companies were included in the list of 1,000 major taxpayers in 2022. In January-September they provided about AMD 36.3bln (more than $90 mln) of income to the state budget, or 2.6% of the income controlled by Armenia’s State Revenue Committee. IT companies paid 25.2 billion drams in taxes in the first half of the year, but for the entire year of 2021 IT companies listed among top 1000 taxpayers paid only AMD 38.7bln in taxes.

According to the data for the nine months of this year, Synopsis Armenia ranks first among IT companies in the list of large taxpayers. It should be noted that Soft Construct was in the lead in terms of semester data. 

Below we show the position of the top 20 IT companies in the list of 1000 large taxpayers and the taxes they pay.

55th place: Synopsys Armenia – 3,348 billion AMD,

63rd place: PixArt - 3,11 bln AMD,

82nd place: Epam - 2,483 bln AMD,

101st place: DataArt - 1,947 bln AMD,

126th place: ServiceTitan East - 1,499 bln AMD,

128th place: Energy Global Services (EGS) - 1,454 bln AMD,

146th place: VMWare Eastern Europe (VMWere) – 1,238 bln AMD,

162nd place: Quantori (Quantori) – 1,119 bln AMD,

178th place: Teamwork - 1,119 bln AMD,

182nd place: VM Armenia (Veeam Software) - 1,119 bln AMD,

194th place: Armenian Software (ArmSoft) - 976,6 mln AMD,

199th place: DevSoft Ayem (DevSoft) – 961,48 mln AMD,

250th place: Webb Fontaine Holding (Webb Fontaine) – 746,1 mln AMD,

252nd place: Crisp - 734,3 mln AMD,

263rd place: Adobe Development Arm (Adobe) - 710,22 mln AMD,

279th place: Siemens Industry Software (Siemens) - 645,46 mln AMD,

298th place: "Renderforest" - 616 mln AMD,

309th place: Synergy International Systems (Synergy) branch - 594 mln AMD,

338th place: Instigate Mobile – 553,86 AMD,

On the 340th position: Pure Choice - 550 mln AMD.