SOCAR tax payments to the state budget of Azerbaijan totaled 1 billion 266.365 million manat in January-November 2016, SOCAR reported in the media.
For the same period in 2015 SOCAR paid taxes in the amount of 1 billion 404 million 875 thousand manat. So the volume of tax deductions decreased by 9.9% over the 11 months of 2016.
In November of the current year SOCAR tax payments to the state budget of Azerbaijan amounted to 116.193 million manat.
SOCAR contributions for compulsory social insurance in January-November 2016 amounted to 131.751 million manat (4.1% growth). In November, the company’s contributions amounted to 12 million 381 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
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Russia could partially reroute its natural gas supplies to European countries through Turkey and Bulgaria, bypassing Ukraine, using the "Balkan Stream" and the Trans-Balkan Pipeline, according to Alexei Belogoryev, Director of Research at the Institute of Energy and Finance.
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Representatives of Azerbaijan's Land Transport Agency (AYNA) and the State Customs Committee visited the Julfa and Poldasht border checkpoints to address challenges in cargo transport and enhance border efficiency with Iran.
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The Azerbaijani government has adopted new guidelines to facilitate employment for individuals with special social protection needs and those facing difficulties in securing jobs. The resolution, approved on December 29 by the Cabinet of Ministers, outlines targeted programs aimed at job creation through public-private collaboration.
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The Cabinet of Ministers of Azerbaijan has approved new regulations to facilitate targeted employment programs aimed at supporting individuals with special social protection needs and those facing employment challenges. The measures, under the State Employment Agency, seek to enhance job creation in priority economic sectors.
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