NEQSOL Holding Among the Largest Taxpayers in Azerbaijan
18 Лю́тий 2025

Four companies within NEQSOL Holding have been included in the list of Azerbaijan’s top 100 taxpayers for 2024, as published by the State Tax Service of the Republic of Azerbaijan.

In 2024, NEQSOL Holding companies contributed a total of AZN 171.1 million in tax payments to the Azerbaijani state budget, solidifying the holding's position as one of the largest taxpayers in the country.

Among the leading taxpayers within the Holding are Norm, Bakcell, Azerconnect Group, Nobel Energy Group (including Global Energy Solutions) and other companies.

“Along with substantial tax contributions, NEQSOL Holding actively supports Azerbaijan’s economic development through sustainable business strategies, long-term investments, job creation, and social initiatives aimed at community well-being. These achievements reaffirm the holding’s commitment to transparency, economic growth, and corporate social responsibility,” noted Yusif Jabbarov, CEO of NEQSOL Holding.

NEQSOL Holding is an international group of companies operating across 11 countries in telecommunications, energy, construction, and hi-tech industries. The holding places significant emphasis on expanding its presence in Azerbaijan and, as it continues to grow, remains dedicated to contributing to the country’s economic and social development.