Budget payments by Armenia’s 1,000 largest taxpayers rose 13.8% in nine months
Armenia’s 1,000 largest taxpayers paid AMD 1.64 trillion (about $4.52 billion) to the state budget in January–September 2026, up AMD 199 billion, or 13.8%, from the same period last year. According to the State Revenue Committee (SRC), Armenia’s tax and customs authority, the figure for January–September 2025 was AMD 1.44 trillion.
Payments to the tax service totalled AMD 1.37 trillion, up AMD 188 billion, or 15.9%, year on year. Customs payments rose AMD 10 billion, or 3.8%, to AMD 271 billion. In total, the SRC collected AMD 2.31 trillion in tax revenue and state duties for the budget in January–September.
Top 10
The top 10 taxpayers:
- Mobile Centre Art: AMD 64.3 billion
- Zangezur Copper-Molybdenum Combine: AMD 60.8 billion
- Grand Tobacco: AMD 46.2 billion
- Gazprom Armenia: AMD 39.6 billion
- Ardshinbank: AMD 38.1 billion
- Ameriabank: AMD 28 billion
- SoftConstruct: AMD 25.3 billion
- Digitain: AMD 25.2 billion
- Philip Morris Armenia: AMD 22.8 billion
- International Masis Tabak: AMD 20.4 billion
The top 10 accounted for AMD 370.7 billion, or 22.6% of the total, and the top 100 for AMD 960.1 billion, or 58.6%. Fast Media closes the list with AMD 311 million.
By tax type
Value-added tax (VAT) made up 40.3% of payments, or AMD 661.2 billion. Income tax brought in AMD 304.8 billion (18.6%), profit tax AMD 294.2 billion (18%), excise tax AMD 116 billion (7.1%), and other taxes and fees AMD 262.7 billion (16%). VAT and excise refunds to taxpayers’ unified accounts totalled AMD 138.5 billion.
Yerevan and the provinces
Of the 1,000 taxpayers, 817 are based in Yerevan, the capital, and paid AMD 1.36 trillion, or 83.1% of the total. Among Armenia’s provinces (marzes), Syunik in the south leads with 18 taxpayers and AMD 101.7 billion, of which AMD 60.8 billion came from the copper-molybdenum combine. Ararat (24 taxpayers, AMD 50.2 billion) and Kotayk (54 taxpayers, AMD 47.4 billion) follow.
The list is compiled under a methodology set by government decision No. 783-N of July 6, 2017, and excludes state bodies and community administrative institutions. The full list is available on the SRC website under “Information on taxpayers”, in the “Information lists on taxpayers” subsection.
