Bank Of Baku

Tax income of Azerbaijan’s state budget to be decreased next year

Tax income of Azerbaijan’s state budget to be decreased next year
# 06 October 2010 13:46 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. 45% of Azerbaijan state budget income will come from tax incomes. Ministry of Finance says that AZN 5.425 mln of budget incomes is forecasted to come from taxes.

Most of tax income will come from goods and services. Thus, the income for these taxes is planned to be AZN 2 875.6 mln next year up 5% compared with current year. The income on VAT is forecasted to be AZN 2 121.6 mln, up 10.2% in comparison with 2010. Incomes from profit will be AZN 1.9 bln, down 9.4% compared with 2010.
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