SOCAR contributed AZN 1.62 billion to the State Budget of Azerbaijan during 2019 and compared with the previous year’s figures, the company's budget payments grew by 1%, SOCAR told APA-Economics.
Main shares of taxes in total payments of the Company to the budget are following: excise taxes – 28%, value added tax – 18%, profit tax – 16%, export tax – 10%, mining tax – 8%, income tax – 5%, other taxes and payments, including property tax, land tax, road tax, tax from source – 15%.