Investor Presentaiton

azpromo Azerbaijan Export and Investment Promotion Foundation Investments to energy sector PSA Tax Regimes Withholding Tax Applies to Foreign Subcontractors Tax rate varies from 5% to 8% ☐ Applicable to: •Work & Services performed in Azerbaijan •Mark-up, Handling fee on Goods sold in Azerbaijan Satisfies Subcontractors corporate tax liability Profit Tax Applies to Foreign Subcontractors ☐ Calculated under the PSAs ☐ Profit Tax rate varies from 25% to 32% ☐ Taxable Base revenues less operating costs and tax depreciation Other Taxes VAT - exempt with credit (0%) Customs Taxes - exempt Personal Income Taxes - payable by employees at a max. rate of 25% ☐ Contractor Parties are entitled to full and complete exemption from other taxes, such as royalties, property taxes, etc. EXON Mobil Chevron

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