Tax revenues increased by 12 times in Azerbaijan in the past 12 years

Tax revenues increased by 12 times in Azerbaijan in the past 12 years
# 08 February 2013 10:13 (UTC +04:00)

Baku. Ali Ahmadov – APA-Economics. In the past 12 years, tax revenues rose up to 12 times in Azerbaijan, Taxes Minister Fazil Mammadov said, APA-Economics reports.

To him, in line with rapid development of country’s economy, modernization of tax system, improvement and automatization of administrative management have also positively impacted on tax revenues.

The minister noted that compared to 2000, the amount of tax revenues grew by 12 times in 2012 and this can be shown as obvious proof of economic boost in Azerbaijani economy, and existence of adequate tax administration in the current economic system: ‘As a result of favorable investment atmosphere and increase of economic activity, the number if taxpayers roe more than 3 times’.

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