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Thursday, 22 June, 2017

PROKON is recognized as a “Transparent Tax Partner”

Nobel Oil Services is pleased to announce that PROKON LLC, its EPC subsidiary, is recognized as a “Transparent Tax Partner” by the Ministry of Taxes of Azerbaijan Republic.  

Establishment of the “Transparent tax partnership” practice is a brand new approach in order to deepen the partnership relations between the taxpayers and the tax authorities and embark on a totally new quality level. The system serves to work with disciplined taxpayers first. The benefits of this system include shortened time response to the taxpayer’s request, cooperation with taxpayer to remove any inconsistencies in declarations, provision of targeted services, etc.  

Taxpayers shall meet a number of criteria to gain the “Transparent Tax Partner” status. Such taxpayers shall firstly file their tax reports and pay their taxes in full and in a timely manner, properly state the employee numbers and their salaries, possess secure e-signature, hold their accounting in line with international and local accounting standards. The taxpayers shall not make any transactions with taxpayers at risk and shall not be the taxpayer which was under economic criminal prosecution during last 3 years.  

PROKON LLC was established as a construction & project management subsidiary in 2012. Most recent projects of PROKON LLC include construction of SOCAR Ammonia & Urea Plant, tank erection works, etc.

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