In January, the subjects of foreign economic relations transferred 103.6 million manat to the State Customs Committee, which is 119 thousand manat less than in the comparable period of 2015, the department told Turan.
Imports of goods decreased 23% in January compared to January 2015.
In December last year, customs officials collected 200.8 million manats of customs duties and taxes.
It is noteworthy that in the wake of the government’s declared fight against monopolies, the customs service said on simplification of customs procedures for importers. However, as soon as these measures were taken, entrepreneurs began to complain about the high level of fees. Some importers say that with the help of customs brokers, they paid less tax than it is now.
In 2016, the plan for customs taxes and duties is unchanged at 1 billion 590 million manats. ----08B
Economics
-
The Caspian International Investment Company JSC ended 2023 with a net loss of 557,000 manats, a significant improvement compared to the previous year, when losses were four times higher. The company's pre-tax losses for the year amounted to 264,000 manats, 11 times lower than in 2022, while income tax payments of 293,000 manats highlighted the efficiency achieved through strategic fiscal management.
-
The 24th Republican Beekeeping Exhibition and Fair opened in Baku on Monday, with around 120 tons of honey products on sale. The event features the participation of 275 beekeepers from 39 districts across Azerbaijan and will run until September 29.
-
BAKU, Sept 10 (Reuters) – The "Chain Reaction 2024" conference commenced in Baku on September 10, bringing together leaders and innovators from across the technology sector. Organized by FARI Solutions in collaboration with the Center for Analysis and Coordination of the Fourth Industrial Revolution and the Innovation and Digital Development Agency, the event is supported by Binance, the world's largest cryptocurrency exchange.
-
The Azerbaijani government has amended its financing mechanism for higher education institutions, according to a decree issued by Prime Minister Ali Asadov on September 6. The changes update annual education costs for students in various academic levels and fields, including bachelor’s, master’s, medical, and doctoral programs, under state orders.
Leave a review