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
Economics
-
The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
-
Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
-
Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
-
The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
Leave a review