According to the ministry, the prediction for income tax was met at 81.5% during January-July. Up to this year, the predictions for income tax were exceeded.
Income taxes account for 12.8% of tax receipts while the factual income tax receipts only account for 9.3%.
Under the tax Code, tax on individual income is based on differential scale.
That is to say, the tax rate is 14% for an income of up to AZN 2 000 and 35% for an income of above AZN 2 000.
Income tax is the third only to profit tax and VAT.
Money incomes earned by the population rose 35.4% in the country, according to official statistics.
The prediction was not meet although there was no change income tax mechanism and taxation procedure.
Analysts argue that this is associated with a sharp rise in prediction (30%).
They claim that it would be necessary to soften income tax policy if the prediction is not met by the end of this year.
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