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

  • 10:15 21 February 2020

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

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 ONA.

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%.

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