According to the list of Armenia`s major taxpayers released by the RA State Revenue Committee, five largest Armenian poultry farms paid less taxes last year as compared with the previous year.

Last year, poultry farms sustained serious losses because of a fall in egg prices. On the other hand, last December they earned excess profits, as egg prices set a historical record, 100 AMD per egg.

What was the impact the price fluctuations had on the taxes paid by poultry farms? Among the poultry farms, the Araks farm proved to be the largest taxpayer. It paid a total of 461 million AMD (about U.S. $1.2 million) and ranked 161st in the list. In 2009, it paid a total of 533 million AMD (U.S. $1.4 million) and ranked 199th.

The Lusakert poultry farm, which was the second largest taxpayer among poultry farms, paid a total of 160 million AMD (about U.S. $430,000) and ranked 480th in the taxpayers` list. In 2009, the company paid a total of 288 million AMD (about U.S. $770,000) and ranked 226th.

Armenian News-NEWS.am reminds readers that last year rumors were circulating about the Araks company`s taking over the Lusakert farm. However, the rumors proved ungrounded.