During January-August 2012 through the Ministry of Taxes the state budget of Azerbaijan received 4,180 million manat. This is 13.6% more than the projected figure.
The press service of the Ministry of Taxes told Turan that the share of non-oil sector accounts for 2,191.8 million or 52.8% of tax revenues.
The level of tax collection in the region is still low. Through local tax offices were collected 302.1 million manat, which is 10.6% more than the forecast. The revenues in the regions are 11.2% more than the same period of 2012.
Proceeds from different types of taxes are as follows:
VAT - 952.8 million manat (forecast - 942 mln);
Excise tax - 313.3 million manat (AZN 296 million);
Profit tax - 1,658.5 million manat (AZN 1,473.7 million);
Income tax - 520.1 million manat (477.4 million manat).
The state budget for 2012 is projected to collect 5,911.6 million manat through the Ministry of Taxes. In 2011, the Ministry of Taxes provided in the state budget 5 billion 471.9 million manat, with total revenues of the state treasury at 15.7 billion manat. - 08D-
Economics
-
The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
-
Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
-
Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
-
The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
Leave a review