SOCAR contributed AZN 1.62 billion to Azerbaijan’s State Budget last month

SOCAR contributed AZN 1.62 billion to Azerbaijan’s State Budget last month
  • Clock-gray 09:55
  • calendar-gray 21 February 2020

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%.

Mirsaid İbrahimzade

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