Gathering 6.44% of the envisaged funds in December, the Ministry of Taxes will provide solution to state budget problems. In January-November on its account was 6,645,692,000 manat (93.56% of the total of $ 7.1 billion) of tax revenues provided by the law on the state budget for the 2014 fiscal year.
According to the ministry, only 2.75 billion manat of this amount fell on the oil sector.
Of the total revenues 33.4% accounted for enterprise profit tax, 27.5% - for VAT, 13.2% - for income tax of individuals, 10.6% - on excise tax, and 15.3% - on other types of taxes . --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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