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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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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