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SOCAR Increased Payments to State Budget by 6% in 2018

SOCAR’s tax payments to the state budget of Azerbaijan in 2018 amounted to 1 billion 604.514 million manat, which is 6.2% more than in 2017.

SOCAR’s payments to the State Social Protection Fund (SSPF) for 2018 on deductions for compulsory social insurance amounted to 172 million 469 thousand manat (an increase of 10.6%).

In 2017, SOCAR paid taxes to the state budget of Azerbaijan in the amount of 1 billion 511.033 million manat, and to the SSPF -155.984 million manat. For 2018, the forecast for SOCAR on tax payments to the state budget of Azerbaijan was determined at the level of 1 billion 380 million manat.

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