Four companies within NEQSOL Holding have been included in
Azerbaijan’s top 100 taxpayers list for 2025, published by the
State Tax Service of the Republic of Azerbaijan.
In 2025, companies within NEQSOL Holding contributed a total of
AZN 221.9 million in taxes to the Azerbaijani state budget,
strengthening the holding’s position as one of the country’s
largest taxpayers.
Among the leading taxpayers within the Holding are Azerconnect
Group, Norm, Bakcell, AzerTelecom, along with Nobel Energy and
other group companies.
Two companies within NEQSOL Holding – Azerconnect Group and Norm
– are also among the top 10 largest taxpayers in the
non-oil-and-gas sector in Azerbaijan.
“In 2025, NEQSOL Holding paid AZN 221.9 million in taxes, with
four of its companies ranked among the country’s top 100 taxpayers.
Beyond its significant tax payments, the holding continues to
contribute to Azerbaijan’s economic development through sustainable
business practices, investments, job creation, and social
initiatives. These results highlight the holding’s commitment to
economic growth, transparency, and corporate social
responsibility,” said Imran Ahmadzada, Group CFO of NEQSOL Holding
and Head of NEQSOL Holding Azerbaijan.
NEQSOL Holding is an international group of companies operating
across 11 countries in energy, telecommunications, hi-tech,
construction, and mining 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.
