Armenia’s IT sector maintained a strong presence among the country’s top taxpayers in the first quarter of 2026, showing notable year-over-year growth in total contributions. Modex represents Q1 data for the 2025/2026 period.
General overview
78 IT companies were listed among Armenia’s 1,000 largest taxpayers in Q1 2026, collectively contributing AMD 28 billion to the state budget — up AMD 9 billion from the same period in 2025. Together, these companies accounted for 4.4% of total revenues supervised by the State Revenue Committee of Armenia.
Top taxpayer IT companies in Armenia | Q1-2025/26
Key data includes the following:
- Total IT sector contribution among top 1,000 taxpayers: AMD 28 billion (Q1 2026)
- Year-over-year increase: AMD 9 billion vs. Q1 2025
- Share of total SRC-supervised income: 4.4%
- Combined profit tax paid by 78 IT companies: AMD 2 billion
- Digitain’s share of total IT profit tax: 52% (AMD 1,139 million)
- 16 out of the top 20 IT taxpayer companies saw a decrease in profit taxes paid
- Companies with the most significant profit tax decline: KEH Armenia, Synopsys Armenia, and Nexters Studio Armenia
- Digitain’s primary revenue source (per 2025 annual data): IT activities
- Ride Tech (Yandex Taxi) business model: platform design, development, and operation
- Tax calculation methodology: total taxes paid minus VAT and excise tax amounts returned to the unified account
