Banks with lowered profit tax payments

29.11.2021,12:11


November 29, Fineko/abc.az. Ten out of the 26 banks operating in Azerbaijan paid profit tax for Jan-Sept 2021, and this indicator on three of them was higher against Jan-Sept 2020.

ABC.AZ reports that among the three latter are Bank of Baku, Express Bank and Zıraat Bank Azerbaijan.

Six of the remaining seven banks are as follows: PASHA Bank, Kapital Bank, Xalq Bank, Zıraat Bank Azerbaijan, International Bank of Azerbaijan and Azerbaijan Industrial Bank - reduced profit tax payments and one bank - Naxçıvan Bank - although it paid profit tax for Jan-Sept of this year, but did not pay for Jan-Sept 2020. Therefore, it was not possible to calculate the dynamics of its tax payments.

Profit tax payments of two banks – Premium Bank and the Baku branch of the National Bank of Iran - decreased by 100%.
14 banks that did not pay profit tax for Jan-Sept of the current year also did not pay income tax for the same period of 2020, so it was not possible to calculate the dynamics of tax payments of these banks.