From January to November 2014 SOCAR has transferred 1,706,921,000 AZN to the state budget of Azerbaijan, up 14.8% against the same period in 2013.
This year SOCAR planned to transfer 1,825,000,000 AZN of taxes to the state budget. This means that during 11 months SOCAR has fulfilled 93.5% of its annual plan to the state budget.
SOCAR press office reported that in November 2014 SOCAR has paid taxes to the amount of 142,373,000 AZN to the state budget.
From January to November 2014 SOCAR has paid 129,534,000 AZN to the State Social Security Fund as obligatory social insurance (down 12.4% against the same period last year).
In November 2014 SOCAR’s payments to the State Social Security Fund totaled 10,618,000 AZN. In 2013 SOCAR’s tax proceeds to the state budget totaled 1,574,437,000 AZN.—0—
Economics
-
Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
-
The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
Leave a review