In the first half of 2016 the non-oil-gas sector provided 2 billion 495.4 million AZN to the state budget, which is 78.2% of the tax revenues for the period.
According to the Ministry of Taxes, compared to the same period in 2015, tax revenues from the non-oil-gas sector increased by 215.1 million AZN or 9.7%.
During this period the tax revenues to the state budget from the non-state sector totaled 2 billion 261.1 million AZN. This corresponds to 70.9% of tax revenues in the first half.
The proportion of the regions (275 300 000 AZN) was 8.6% in tax payments.
In general, the Ministry of Taxes provided to the state budget 3 billion 190.1 million AZN, up 2% from the forecast.
In the first half of 2016 the total number of tax audits decreased 2.8 times. -----08D
Economics
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Last year, Azerbaijan's exports fell sharply. In 2024, the country's exports amounted to $26.55 billion, while imports stood at $21.06 billion. The positive trade balance was $5.50 billion, according to the State Customs Committee (SCC).
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The final investment decision (FID) for the construction of the Shafag Solar Power Plant (SPP), based on a feasibility study, is expected in 2025, BP Vice President for the Caspian Region Bakhtiyar Aslanbayli told journalists on Friday.
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BP Plc plans to start gas production from the deep gas reservoirs of the Azeri-Chirag-Gunashli (ACG) block by the end of 2025, BP-Azerbaijan's head of press service, Tamam Bayatly, told reporters.
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In a strategic move to bolster innovation and technological advancement, Azerbaijan’s İRİA (Innovation and Digital Development Agency) and Israel Aerospace Industries (IAI) have signed a Memorandum of Understanding (MoU). The agreement aims to deepen economic, industrial, scientific, and technological collaboration between the two countries.
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