Within 11 months of this year, the Ministry of Taxes provided the government a revenue totaling 6 billion 245.4 million manat, which is 10.8 % more than during the comparable period in 2012. The growth rate of tax collection from non-oil sector (12.8%) was ahead of the general tempo.
According to the Ministry of Taxes, the share of non-oil sector accounts for 54.5% (3.4 billion manat) of tax revenues. For the comparable period last year, the figure was 53.6 %.
Note that in the structure of tax the share of profit tax for the reporting period of this year reached 37.9% ( 2012 - 38.6 %), VAT - 24.7% (23.7%) , income tax on individuals - 12% (13,1 % ), etc.
In Azerbaijan mainly taxpayers complain about frequent tax audits, which end in fabulous bribes.
On the illegal actions of the tax authorities recently wrote the Turkish press. However, entrepreneurs are afraid to speak out, as this may result in serious consequences for them. - 08D-
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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