SOCAR to reduce budget transfers by AZN 50M

  18 February 2016    Read: 968
SOCAR to reduce budget transfers by AZN 50M
Forecast on profit tax from Production Share Agreements (PSA) in tax receipts in 2016 is reduced AZN 130 mln, AzVision.az reports citing to the draft amendments to the law on Azerbaijan
According to draft law, the forecast on profit tax from PSAs makes AZN 370 mln, down 1.8 times from an indicator of 2015.

SOCAR is forecasted to reduce the transfer by AZN 50 mln to the AZN 1,240,000,000 in 2016, which is down AZN 170 mln or 13.7% compared to 2015’s indicator.

More about:  


News Line