Azerbaijan reduces tax revenues by 6%
In January-September 2024, the State Tax Service under the Ministry of Economy transferred about 12 billion manats to the state budget. This is reported by the Service.
According to the data, this is down by 6% from the same period of 2023.
Of the 9-month tax revenues, 8.4 billion manats, or 70%, came from the oil and gas sector. This is up by 13.4% from a year ago.
The revised budget commitment of the State Tax Service this year is 15.3 billion manats. 78.5% of this amount was collected in the reviewed period.
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Finance
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The Central Bank of Azerbaijan (CBA) has approved the ‘Concept of Policy on Risk-Based Control’. This is reported on the website of the structure.
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If 2 years ago a share of local revenues in the budget of the Nakhchivan Autonomous Republic was 20-25%, by this year's end a share of local revenues will exceed 50%.
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The Central Bank of Azerbaijan (CBA) has given binding instructions to 'Azsığorta', 'Atəşgah Insurance', 'İpək Yolu Insurance', 'Xalq Həyat Insurance', 'Aqrar Insurance' and 'AzRe Təkrarsığorta'. This is reported on the CBA website.
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The NBCO 'Para will hold a regular general meeting of shareholders on 4 February at 11:00.
1 comment
Samir
2024-10-10
9 aylıq vergi daxilolmalarının 8,4 milyard manatı və yaxud 70%-i qeyri-neft-qaz sektorunun payına düşüb - 70%????? Bu, mümkün deyil.