Bank Of Baku

Azerbaijan sees 7% rise in budget transfers through Ministry of Taxes

Azerbaijan sees 7% rise in budget transfers through Ministry of Taxes
# 12 June 2014 15:28 (UTC +04:00)

Baku. Agshin Rafigoglu – APA-Economics. In January-May, 2014, AZN 3,121,703,400 was transferred to the state budget through Ministry of Taxes, up 7.2% from previous year.

 

Of this, 35.6% came from profit tax, 26.9% from VAT, 10.1% from excises, 12.2% from individuals’ tax, 15.2% from other taxes. AZN 1,717,678,700 was transferred to the state budget from non-oil sector.

 

During the reporting period, 37,191 tax payers were registered. As of June 1, 2014, number of registered tax payers made 570,141.

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