Non-Resident Electronic Service Providers Contribute 3.1 Billion Drams in VAT to Armenia’s Treasury

• Non-resident electronic services providers paid 3.1 billion drams in VAT to Armenia’s state treasury.
• The payment was made by 71 international corporations in the first half of the year.
• The tax base for these non-resident organizations was about 15.6 billion drams.
• The e-VAT system facilitated these payments and increased tax transparency.
• Companies like Google, Facebook, TikTok, Spotify, Amazon, Netflix, and eBay contributed to these revenues.

Source: finport.am

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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