BAKU, Azerbaijan, January 30. Azerbaijan's AzerGold CJSC and its subsidiaries totally paid taxes in the amount of 38.4 million manat last year, Chairman of the Board of CJSC Zakir Ibrahimov said during a press conference on the results of activities for 2023, Trend reports.
"In 2023, payments in the form of taxes and social transfers to the state budget were continued against the backdrop of the economic revenues of AzerGold CJSC. In the reporting year, 7.6 million manat ($4.4 million) was paid to the State Social Protection Fund (SSPF),” he noted.
AzerGold was established according to Decree No. 1047 dated February 11, 2015, by the President of the Republic of Azerbaijan Ilham Aliyev.
The CJSC is one of two companies producing gold and silver in Azerbaijan.
The company is engaged in the production and export of gold as part of the oxide (ground) phase of the development of the Chovdar gold field, from the Aghyokhush field as part of the first stage of its development (since November 2020), Marah (from July 23, 2021), and Tulallar (from February 2023).
Stay up-to-date with more news at Trend News Agency's WhatsApp channel