Tax Revenues Decreased by 4.5%

In the ten month of 2016 the Ministry of Taxes transferred to the state budget 5 billion 707.1 million manat, which is 263.1 million manat or 4.5% less than in the same period last year, according to a press release from the Ministry of Taxes.

From the oil and gas sector it collected AZN 4 billion 310.8 million - AZN 247.4 million more than in January-October 2015.

During this period, Azerbaijan registered more than 105 thousand taxpayers. In January-October 2015 the registration covered 65.3 thousand new taxpayers.

The forecast target of the Taxes for the current year is $ 7 billion 10 million manat. And the plan for 2017 to collect taxes has been increased by 200 million manat. ---08D

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