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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Cargo transportation along the Middle Corridor (Trans-Caspian International Transport Route, TMTM) reached a record 3.3 million tons in 2024, marking a 20% increase year-on-year, according to the Secretary General of the International Association "Trans-Caspian International Transport Route" Khaydar Abdikerimov.
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Azerbaijan’s national carrier AZAL and Israel’s El Al Airlines have announced a new partnership under a codeshare agreement, allowing passengers of both airlines to access joint flights, the carriers said in a statement on Sunday.
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After a nearly five-year hiatus, passenger train services between Azerbaijan, Russia, and Georgia may soon resume, with tentative plans set for March or April. However, uncertainty remains as officials in Baku signal a more cautious approach, citing ongoing restrictions on land border crossings.
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Azerbaijan Caspian Shipping Company (ASCO) has resumed regular cargo and passenger transportation after severe weather conditions disrupted operations in the Caspian Sea, the company said on Monday.
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