SOCAR – Permanent Main Taxpayer of Azerbaijan

Tax payments of SOCAR to the state budget of Azerbaijan in January-July of 2017 amounted to 914 million 566 thousand manats, which is 15.9% more than the same period last year.

As reported by the press service of SOCAR, in July the volume of tax deductions of the company to the state budget amounted to 128 million 954 thousand manats.

Payments of SOCAR to the State Social Protection Fund (SSPF) for January-July 2017 on deductions for compulsory social insurance amounted to 87 million 251 thousand manats (an increase of 6.9%), including 12 million 959 thousand manats in July.

As reported, in 2016 SOCAR paid taxes to the state budget of Azerbaijan in the amount of 1 billion 395.421 million manats.

In 2017, SOCAR’s plan for tax payments to the state budget is set at 1 billion 280 million manats.