Azerbaijan reports decrease of income tax payments from 7 banks

13:06 - 2.09.2021


September 2, Fineko/abc.az. Of the 26 banks operating in Azerbaijan, 10 paid income tax for Jan-Jun 2021, and in three of them this indicator was higher compared with the same term of 2020.

ABC.AZ reports that among them are Bank of Baku, Express Bank, and Yapı Kredi Bank Azerbaijan.

Six of the seven remaining banks – PASHA Bank, Kapital Bank, Xalq Bank, Zıraat Bank Azerbaijan, International Bank of Azerbaijan and Azerbaijan Industrial Bank – have reduced income tax payments, and although Naxçıvan Bank paid income tax for 6 months of this year, it did not pay for the corresponding period of last year. Therefore, it was not possible to calculate the dynamics of its tax payments.

The Baku branch of the National Bank of Iran reduced income tax payments by 100%.

15 banks that did not pay income tax in the 1st half of this year. Also, it did not pay income tax for the same period of 2020. Therefore, it was not possible to calculate the dynamics of tax payments of these banks.

 

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