Over the two months of this year, the Ministry of Taxes provided for the transfer of 939 million 138.2 million manat to the state budget, or 5.2% more than the forecast figure, the press service of the ministry reports.
Compared to the comparable period of 2016, tax revenues decreased by 162.3 million manat or 15%.
In 2017, the forecast for the collection of taxes and state taxes through the Ministry of Taxes is 7 billion 510 million manat, which is 7.1% more than the performance for 2016.
The state budget revenues are forecasted at the level of 16 billion 255 million manat.
The Ministry of Taxes reports with reference to the Index of Economic Freedom that the Heritage Foundation reports that Azerbaijan occupies one of the lowest places (28th place) in the world in terms of the tax burden on entrepreneurship - 14.2% (excluding social insurance payments). However, in independent research conducted, entrepreneurs claim illegal fees collected by the tax service.
The Ministry of Taxes notes that in January-February 2017 68,172 taxpayers were registered, of which 492 are VAT payers. ----08B
Economics
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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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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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