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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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.
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