In January-August 2013 the state budget under the Ministry of Taxes received taxes, fines, financial penalties and state taxes totaling 4,486,600,000 manats. This is a 7.3% increase over the comparable period in 2012. Turan was told by the ministry.
Payments by the subjects of non-oil sector during this period of the year amounted to 2,405,061,230 AZN or 53.6 % of revenues. At the same time, tax and other revenues from non-oil sector over the same period last year increased by about 213 million or 9.7%. Compared to last year, the share of non-oil sector in the structure of tax payments increased 1.2%.
The share of profit tax was 38.6 % (in 2012 - 39.7 %), VAT - 24% ( 22.8 %) , personal income tax on individuals - 12% ( 12.4 %) , excise tax - 7 6% (7.5% ), etc. - 08D-
Economics
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Food prices in Azerbaijan’s capital, Baku, increased by 5% during the first nine months of 2024, highlighting rising inflationary pressures in the domestic market, the Turan agency reported.
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Global grain prices continued their downward trajectory in August, as the FAO grain price index slipped 0.5% from July and a sharp 11.9% year-on-year decline, reflecting weakening demand and intensifying competition among major exporters. Wheat prices were particularly impacted by higher-than-anticipated production levels in Argentina and the United States, exerting additional downward pressure on the international market.
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Azerbaijan’s national air carrier, AZAL, has enhanced its international travel offerings through a new partnership with Ethiopian Airlines, providing passengers with increased connectivity and convenience for global travel, the airline announced on Monday.
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The Azerbaijan Trade Forum, held on October 7, underscored the vital role of small and medium-sized enterprises (SMEs) in enhancing the country’s non-oil exports. Jointly organized by the Small and Medium Business Development Agency (SMBDA) and the Association of Customs and Logistics Companies of Azerbaijan, and supported by Pasha Holding, the event brought together stakeholders from various sectors, including import-export, logistics, production, and customs representation.
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