In the first quarter of 2026, 78 IT companies were included in the list of 1000 largest taxpayers in Armenia. Collectively, they transferred about 28 billion drams to the budget, which is 9 billion more compared to the same period in 2025. Their contribution reached 4.4% of all revenues administered by the State Revenue Committee of Armenia.

At the same time, income tax amounted to only about 2 billion drams, with more than half provided by Digitain. This structure indicates a noticeable imbalance: the growth of total payments is not accompanied by an increase in business profitability.

Moreover, most industry leaders experienced a decline in profits. Among the 20 largest IT taxpayers, a decrease was recorded for 16 companies, including KEH Armenia, Synopsys Armenia, and Nexters Studio Armenia. This indicates an increase in burden and a possible margin squeeze amid changing market conditions.

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Armenia and Kyrgyzstan to expand cooperation in economy and technology

Armenia and Kyrgyzstan to expand cooperation in economy and technology

The parties also agreed to develop transport links and signed a number of agreements

New TUMO platform for teenagers to open in Gyumri

New TUMO platform for teenagers to open in Gyumri

The educational project will cover the Mush district

AI camera installed in Armenia to protect wildlife

AI camera installed in Armenia to protect wildlife

The system continuously detects fires and poachers

Armenia's Mining Industry Outperforms IT in Labor Productivity

Armenia's Mining Industry Outperforms IT in Labor Productivity

About 50 million drams per worker in the mining industry, and the sector provides one-third of the country's exports.

Armenia and the EU intend to expand energy cooperation: Pashinyan held talks with the European Commission

Armenia and the EU intend to expand energy cooperation: Pashinyan held talks with the European Commission

The parties also discussed visa liberalization and the biodiversity summit in Yerevan.

Rosatom received positive signals from Armenia regarding the construction of a new 1 GW NPP

Rosatom received positive signals from Armenia regarding the construction of a new 1 GW NPP

Yerevan is considering the Russian proposal to build a VVER-1000 power unit in a compressed timeframe.

Armenian NPP can continue operating regardless of gas situation

Armenian NPP can continue operating regardless of gas situation

Gabrielyan allowed for the construction of a new VVER-1000 power unit

Viva expands 5G+ network to 32 cities in Armenia: speeds reach 522 Mbps

Viva expands 5G+ network to 32 cities in Armenia: speeds reach 522 Mbps

New generation communication has covered about 80% of the country's populated areas

Armenia to allow online execution of some contracts without a notary

Armenia to allow online execution of some contracts without a notary

The innovation will affect standard transactions with banks and credit organizations

Armenian Krisp among the most reliable AI companies in the world

Armenian Krisp among the most reliable AI companies in the world

The service scored 97 out of 100 points in the Cybernews ranking

Yandex in Armenia restored most services after a failure

Yandex in Armenia restored most services after a failure

Payments and user support remain a priority