The Ministry of Taxes in the first two months of this year provided 1 119.5 million manat, which is 6.8% more than in the same period of 2012. The share of non-oil sector accounted for 49.8% of tax revenues.
The Ministry of Taxes told Turan, that in January and February of this year, the non-oil sector provided payments to the state budget for a total of 554.1 million manats. This is 17 million or 3% less than the same period of 2012.
The share of profit tax in the structure of tax revenues reached 41.3%, an increase of 1.7%. By 2.5% decreased revenue from VAT (24%). Despite the changes in the scale of tax payments from the income of individuals, on this tax no change (11.4% of the tax revenues).
In 2012, the tax authorities must ensure that the state budget 6.4 billion manat. - 08D-
Economics
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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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