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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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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