Taxes paid by Armenia’s mining companies more than double in 2010
28.04.2011,
01:01
Taxes paid by Armenia’s mining companies more than doubled in 2010 rising to 16.9 billion Drams, chief of the State Revenue Committee, Gagik Khachatrian, told journalists today.
YEREVAN, April 27, /ARKA/. Taxes paid by Armenia’s mining companies more than doubled in 2010 rising to 16.9 billion Drams, chief of the State Revenue Committee, Gagik Khachatrian, told journalists today after president Serzh Sargsyan’s meeting with chief executives of largest mining and metallurgical companies.
‘The mining sector managed to recover quite quick after the crisis. In 2010 some 12 companies in this sector reported an 85 billion Drams growth in their turnover if compared to 2009, while taxes paid by them rose from 7.9 billion Drams in 2009 to 16.9 billion Drams,’ he said.
He said the mining sector is export-oriented and the main problem was getting refund. According to him, the largest Zangezur cooper and molybdenum combine paid several years ago 31 billion Drams taxes of which 17 billion were to be refunded. He said this problem is solved now and no company pays more taxes than it should pay. ($1- 373.62 Drams). -0-
‘The mining sector managed to recover quite quick after the crisis. In 2010 some 12 companies in this sector reported an 85 billion Drams growth in their turnover if compared to 2009, while taxes paid by them rose from 7.9 billion Drams in 2009 to 16.9 billion Drams,’ he said.
He said the mining sector is export-oriented and the main problem was getting refund. According to him, the largest Zangezur cooper and molybdenum combine paid several years ago 31 billion Drams taxes of which 17 billion were to be refunded. He said this problem is solved now and no company pays more taxes than it should pay. ($1- 373.62 Drams). -0-
