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SOCAR increased tax payments to State Budget of Azerbaijan by 8% in 2017

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Tax payments of SOCAR to the state budget of Azerbaijan in 2017 amounted to more than forecasted indicators by 231.033 million manat, according to SOCAR.

“In 2017, SOCAR paid taxes to the state budget for a total of 1 billion 511 million 33 thousand manat. This is 8.3% higher than in 2016,” the information says.

According to the company, in 2016 tax payments of SOCAR to the state budget of Azerbaijan amounted to 1 billion 395.456 million manat.

In 2017, the plan for SOCAR on tax payments to the state budget was 1 billion 280 million manat.

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