Baku 17° C
SOCAR expected to pay $1B in taxes to state budget next year
Energy
- 01 November, 2022
- 13:45
Add Report.az to preferred Google sources
Stay up to date with the top news!
The State Oil Company of Azerbaijan (SOCAR) is expected to pay $1 billion in taxes to the state budget in 2023, which will make up 10.1% of budget revenues, Report informs, citing the opinion of the Chamber of Account on the Budget Envelope.
Moreover, the State Oil Fund of Azerbaijan (SOFAZ) will transfer $11.28 billion to the state budget. Profit taxes from the Production Sharing Agreements will amount to $492 million, from the export of Shah Deniz gas to $2.875 billion.
The oil price in the state budget was set at $50.
Author
SOCAR gələn il büdcəyə 1 milyard dollar vergi ödəməli olacaq
SOCAR перечислит в бюджет налоги в размере 1 млрд долларов
Latest News
11:17
Pakistan's IT minister receives ASAN co-op medal
Foreign policy
11:11
Photo
MoUs signed to implement Azerbaijan's ASAN Service model in Djibouti, Sri Lanka
Foreign policy
11:11
UN identifies key factors for public governance through 2040
Foreign policy
11:02
Adriana Alberti: ASAN centers in Azerbaijan - example of successful innovation implementation
Foreign policy
10:59
President: ASAN Service also receives high recognition from United Nations
Foreign policy
10:54
UN awards Azerbaijan special certificate for ASAN model
Domestic policy
10:54
Ilham Aliyev: ASAN Service is distinctive Azerbaijani brand that attracts international interest
Domestic policy
10:50
UN official praises Azerbaijan's ASAN at Baku summit
Foreign policy
10:45
Azerbaijan announces its priority for aquaculture sector
AIC