SOCAR's tax deductions to the state budget of Azerbaijan in January-October 2016 amounted to 1 billion 150.172 million manat, according to the SOCAR press office.
Note that for 10 months of 2015 SOCAR paid to the state budget 1 billion 271 million 276 thousand manat as taxes. That is, for 10 months in 2016 its contributions to the state budget decreased by 9.5%.
In October of this year, SOCAR tax payments amounted to 125.345 million manat to the state budget of Azerbaijan.
SOCAR payments for contributions for compulsory social insurance in January-October 2016 amounted to 119.37 million manat (3.4% growth). In October, the company charges amounted to 12 million 207 thousand manat.
In 2015, SOCAR paid taxes to the state budget of Azerbaijan in the amount of 1 billion 480.195 million manat.
In 2016 the plan for SOCAR tax payments to the state budget is set at 1 billion 240 million manat. -12D-
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review