In 2012, the Ministry of Taxes provided to the state budget taxes, government fees and financial penalties totaling 6 025.3 million manats. This is 10% more than in 2011.
In the department of analytical information of the ministry they told Turan that the non-oil sector collected 3 286.5 million manat, which is 14.5% more than in 2011.
The share of profit tax in tax and other income in respect of the Ministry of Taxes amounted to 37.4% (in 2011 - 39%), VAT - 24.6% (25.4%), excise tax - 7.5% (7, 6%), personal income tax for individuals 13.5% (13.1%), etc. The figures for major taxes deteriorated.
Independent surveys conducted in 2012, showed that many entrepreneurs complain of "intolerable" exactions by the Ministry of Taxes. This applies not only to the sphere of trade and services, but also to industrial activities.
The state budget for 2013 assigned the Ministry of Taxes to collect 6.4 billion manat (+6.2%). - 08B-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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