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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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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