In January this year the Ministry of Taxes directed to the state budget 780.3 million manat, which is 10.4 % more than during the same period in 2013.
In the Taxes Ministry they told Turan, about half, or 48.9 % of tax revenues accounted for the profit tax. In January last year for this type of tax was raised in the state treasury 54.3 % of tax revenues.
The share of excise duties accounts for 9.1 % of tax revenues, a 3.3 % strength point higher than the figure for the same month last year. As you know, on January 21 this year the government of Azerbaijan reduced to a minimum excise duties on gasoline caused by the need to meet local market needs.
According to the Ministry of Taxes, from the oil and gas sector was not collected 330.8 million manat, which is 26.6 million manat more than in January 2013.
In 2014 the Ministry of Taxes shall provide revenue to the state budget in the amount of 7.1 billion manat. This is a 6.5% increase from the performance in 2013 (6 663.6 million manat). This year the Ministry of Taxes share in the state budget is set at 38.5%. - 08D-
Economics
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
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