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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Turkey is in talks with the United States seeking an exemption from sanctions imposed on Russia’s Gazprombank, a key financial institution for energy transactions, to maintain gas payments to Russia, Energy Minister Alparslan Bayraktar said on Tuesday.
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Kazakhstan is charting an ambitious course to transform its oil export infrastructure, aiming to increase annual shipments via the Baku-Tbilisi-Ceyhan (BTC) pipeline by more than thirteenfold—from the current 1.5 million tons to an estimated 20 million tons. The bold strategy, presented by Energy Minister Almasadam Satkaliyev during a parliamentary session, underscores Kazakhstan’s intent to become a major player in the energy supply chain stretching from Central Asia to Europe.
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Two new vice presidents have been appointed at BP's Azerbaijan, Georgia, and Turkey (AGT) region division, according to a press release from BP-Azerbaijan.
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Data on Azerbaijan's oil exports for January-October 2024 reveals a significant drop in both volume and value compared to the same period last year, highlighting the challenges facing the oil-dependent economy. The country exported 495,484.05 tons of oil products worth $309.02 million, a decrease of 40.3% in value and 40.7% in volume compared to 2023, when exports totaled 925,225.07 tons worth $572.21 million.
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