In January-June 2013 the State Customs Committee collected to the state budget customs duties and taxes in the total amount of 639.9 million manat. They provided 46.3% of the plan, according to the forecast for this year.
According to the SCC, the amount of customs duties, compared to the same period in 2012 increased by 16%, or more than 88 million manat. In total this year, customs officials have raised "the bar" on taxes and duties for a total of 180 million or 15%.
Only in June through the SCC there was provided 117 million manats to the state budget.
In the first half of the year the share of VAT was 468 million or 73.2% of the total amount of customs duties. For the same period in 2012, the figure was 64.8%. The share of customs duties (130 million manat) in the structure of customs duties reduced and made only 20.3% for the period.
In 2013, the government raised its forecast for customs duties from 1,200 million to 1,380 million manat. - 08D-
Economics
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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
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In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
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