18 Private Azerbaijani Banks Referred to as Large-Scale Tax Payers

Business Materials 13 February 2007 15:35 (UTC +04:00)

Azercell Telecom, Baku Steel Company and Garadagh Cement were referred to as the largest scale tax payers in the country in 2006

Trend reports referring to Sahir Mammadkhanov, the Chief of the Department for Large-Scale Tax Payers and Enterprises with Special Tax Regimes, those enterprises who provide telecommunication services keep on leading in the non-oil sector of the country.

Meanwhile, akin to the results of activities in 2005, profits of private banks significantly increased in 2006.

A total of 18 banks are in account of the Department. Their general obligations on taxes in 2006 reached 35 mln. AZN, admitted Mr. Mammadkhanov.