In January-February 2013, the State Customs Committee collected to the state budget customs duties and taxes in the total amount of 179.6 million manat. This is 15% more than in the same period last year.
The structure of customs duties by types of duty and taxes changed. The majority (75.6%) of revenues accounted for by VAT - 135.8 million manats (49.4%). Parallel decreased revenues on import customs duties. In January-February 2012, their volume was 54.3 million manat, and for the same period this year this figure had fallen to 35.5 million manat (-34.7%).
The volume of road tax was 2.4 mln (+19.5%), excise tax - 5.7 mln (-34.5%). In January this year, the amount of excise taxes decreased about a quarter.
In 2013, the government raised its forecast on customs duties from 1200 million to 1380 million manat. - 08D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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