During 11 months of this year the Ministry of Taxes collected to the state budget 5,634.6 million manats, 500 million or 9.7% more than in the comparable period of 2011.
According to the Ministry of Taxes, the share of non-oil sector in tax revenues (3.021 bn) was 53.6%. In this case, the fees from this sector increased compared to January-November 2011 by 13.9%.
The bulk of tax revenue accounted for by three of its forms: income taxes - 38.6% (in the same period in 2011 - 42.8%), value added tax - 23.7% (23.5%) and income tax from individuals - 13.1% (12.2%).
In the Taxes Ministry they told Turan that on December 1, 2012 there were registered 477,000 taxpayers. Of these, 66,400 were registered this year. - 08D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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