As expected, the State Customs Committee (SCC) with a jeweler's precision coped with the implementation of the plan for the transfer of duties and taxes on foreign trade operations, despite the decline in imports of goods by about 16%.
According to SCC, in January-December they collected 1,510,700,000 manat. In December, as Turan IA predicted, they collected 132 million manat.
Collection of Taxes and Duties by SCC in 2014:
Item
| Target (in millions of AZN) | Actual (in millions of AZN) |
Customs duty | 330 | 365.9 |
VAT | 1,070 | 1,070.9 |
Excise | 90 | 57 |
Drivers’ tax | 20 | 16.8 |
This year's plan for the customs has been set at 1 billion 580 million manat. ---08D
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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