In June of this year, the State Customs Committee transferred to the state budget 144.8 million AZN. This is the lowest rate since April.
According to the SCC, customs revenues decreased by 61.5 million AZN or around 30% in June.
It is noteworthy that in June, SCC was able to collect a record amount of customs duties - 60 million 270.8 thousand AZN.
This year, the tax collection plan for SCC and fees increased from 1 590 million AZN to 1 810 million AZN. For six months it transferred to the state budget 995.3 million AZN, which is 30% more than in the first half of 2015. Despite the decline in imports, customs officers cope with the implementation of budgetary commitments due to the strengthening US dollar against the national currency. -----08B
Economics
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President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
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Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
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Azerbaijan’s parliament has approved a law establishing minimum living standards for 2025, with specific allocations for various demographic groups. The legislation, signed by President Ilham Aliyev on December 16, will come into force on January 1, 2025. The presidential decree was published on December 27.
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The President of Azerbaijan issued a decree on December 27, 2024, to implement the "2025 State Budget Law" aimed at streamlining the allocation and execution of government expenditures. The legislation, codified under law number 93-VIIQ, outlines detailed budget appropriations across various sectors, reflecting strategic priorities in defense, education, healthcare, and infrastructure.
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