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11:17 17 November
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Tax overpayments to state budget totals $2.1B

As of July 1, 2017, debts of taxpayers to the state budget stood at AZN 1,172,347,300 (including AZN 961,191,500 on principal amount of tax, AZN 168,422,400 on financial sanctions, AZN 42,733,400 on interests), overpayments at AZN 2,141,340,600, APA-Economics reports citing to Chamber of Accounts.

As of July 1, 2017, interests of overpayments in the amount of AZN 2,141,340,600 made by taxpayers to the state budget made up 182.7% against debts to the state budget (AZN 1,172,347,300), 63.9% against total revenues transferred from the Ministry of Taxes (AZN 3,352,375,600), 68.7% against tax incomes (AZN 3,119,186,600) and 27.1% against 2018’s forecast.

 

For the non-oil sector, the ratio of overpayment (AZN 1,940,379,900) to the amount of debt (AZN 1,137,686,200) was 170.6%, to revenues from non-oil sector to the state budget (AZN 2,380,341,200) – 81.5%.

 

 

 

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