In April of this year, the State Customs Committee transferred 227.4 million manats to the state budget. This is the highest monthly figure in the history of this department.
According to the State Customs Committee, in April, the highest amount of funds was collected on customs duties - 54.2 million manats, excise taxes - 15.6 million manats and road taxes - 12 million manats.
According to experts, customs officers have achieved good results due to the ratio of the AZN exchange rate to the US dollar. Customs payments are calculated in dollars but paid in manats. In addition, this year customs officers en masse demand payment of customs duties also for cross-border trade of Azerbaijani citizens on the import of goods exceeding the individual needs.
This year, the tax collection plan for SCC has increased from 1,590 million manats to 1,810 million manats. Over four months the agency transferred 644.3 million manats to the state budget, which is one third more than in the comparable period of 2015. ----08B
Economics
-
The State Oil Company of Azerbaijan (SOCAR) and Subsea7, a global leader in offshore engineering and construction, are exploring further collaboration on new projects in the Azerbaijani sector of the Caspian Sea. During a meeting between SOCAR President Rovshan Najaf and Subsea7 CEO John Evans, the two sides discussed the potential for Subsea7’s technological innovations to play a role in upcoming ventures. They also considered other areas of mutual interest for both companies.
-
According to the State Customs Committee and the State Statistics Committee, Azerbaijan saw a significant increase in meat imports during the first nine months of 2024, amid more modest growth in domestic production.
-
The event "Sustainable Transport of the Future" is being held in Baku on Wednesday, organized with the support of Azerbaijan Railways CJSC, aimed at promoting the concepts of sustainable transport that minimizes environmental impact. The event highlights environmentally friendly transportation options, such as walking, cycling, green public transport systems, and eco-friendly vehicles, all contributing to the reduction of greenhouse gas emissions.
-
On October 23, 2024, the 3rd Conference of Energy Ministers within the framework of the "One Belt, One Road" (OBOR) initiative opened in Qingdao, China. Energy ministers from around the world gathered to discuss critical issues related to global energy security, the transition to clean energy, and innovations in the sector.
Leave a review