16:58 - 25.07.2023

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July 25, Fineko/abc.az. The profit tax paid last year by 16 out of 52 non-bank credit organizations in Azerbaijan was higher than in the previous year.

ABC.AZ reports that among them are Kəpəz, Finans Kredit, Asel Kredit, International, PSG Finans, MJ Financial Services, TCF, Premier Kredit, City Finance, Kredex, Qafqaz-Kredit, Avrasiya-Kredit, Ideal Kredit, Aqrarkredit, MCB and Embafinans. The highest dynamics was recorded on Kəpəz (17.5-fold) and the lowest on Embafinans (4.4%).

The income tax payments of 8 NBCOs decreased - Azkredit, M Bulak, Viator Microkredit Azerbaijan, Kredit Servis, Brand Credit, Falcon Finance, Effektinvest and Pro Kredit. The largest decrease was recorded on Effektinvest and Pro Kredit (100%) and the smallest on Azkredit (0.9%).

The profit tax of one NBCO - Mercury remained unchanged.

The savings on the payment of income tax by one NBCO - Azerbaijan Microcredit increased, the savings on the payment of income tax by one NBCO – Executive Credit Agency decreased.

13 NBCOs - Aset Financial Technologies, Azeri Star Micromalyya, Azfinans, Azinvestkredit, Birkart, Caspian Invest, Finans Invest, Finex Kredit, Fintrend, FNC, Para, Prior Credit and SF Azerbaijan both in 2022 and in 2021 did not pay taxes or did not save on tax payments. Therefore, it was not possible to calculate the dynamics of the income tax paid (saved) by these credit organizations.