In January 2015 the Ministry of Taxes provided transfer to the state budget of 685.9 million manat. This is 94 million 452.8 thousand manat less than a year earlier. Reduction in the prices for the main export product (crude oil) impacted the tax revenues.
However, as stated in the report of the Analysis Department of the Ministry of Taxes, in January the forecast of tax revenues was exceeded by 3.3%.
The share of profit tax revenues was 44.6% (in January 2014 - 48.9%), VAT - 24.7% (21.2%), excise tax - 7.8% (9.1%), and income tax on individuals - 9.5% (8.2%),
The non-oil-gas sector provided 50.2% (340.7 million manat) of tax revenue, while in January 2014 its share was 42.4%.
It should be noted that this year the Ministry of Taxes plans to ensure the state treasury taxes and state fees approved at the level of 7 billion 112 million manat, which is 10 million manat more than in 2014. --08D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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