Top IT Taxpayers | Q1 2025 - Analysis by Modex 📈
- In Q1 2025, 76 IT companies were among Armenia’s 1000 largest taxpayers, contributing AMD 19.0 billion to the state budget - a slight decrease compared to 2024.
- These companies accounted for 3.4% of total tax revenues.
- Synopsys Armenia led in profit tax contributions, paying 14.1% (AMD 205M) of the sector’s total.
- 11 out of the top 20 IT companies saw tax payments decrease, with Veeam Armenia showing the biggest drop, primarily due to reduced income tax payments.
This list has two startup:
🦄 Picsart - Armenia’s first unicorn
🦄 ServiceTitan - LA based unicorn founded by Armenian entrepreneurs
Hope to see more startups in this list while they are scaling to Series A and beyond, and transition from product development to revenue generation.
📌 Source: Modex
#Modex #TopITTaxpayers #Analytics
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- In Q1 2025, 76 IT companies were among Armenia’s 1000 largest taxpayers, contributing AMD 19.0 billion to the state budget - a slight decrease compared to 2024.
- These companies accounted for 3.4% of total tax revenues.
- Synopsys Armenia led in profit tax contributions, paying 14.1% (AMD 205M) of the sector’s total.
- 11 out of the top 20 IT companies saw tax payments decrease, with Veeam Armenia showing the biggest drop, primarily due to reduced income tax payments.
This list has two startup:
🦄 Picsart - Armenia’s first unicorn
🦄 ServiceTitan - LA based unicorn founded by Armenian entrepreneurs
Hope to see more startups in this list while they are scaling to Series A and beyond, and transition from product development to revenue generation.
📌 Source: Modex
#Modex #TopITTaxpayers #Analytics
—————————————————
🔥 Join 3N to stay updated on startup opportunities!
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