Bank Of Baku

Budget revenues from Taxes Ministry rose by 10% this year

Budget revenues from Taxes Ministry rose by 10% this year
# 17 March 2014 13:09 (UTC +04:00)

Baku. Agshin Rafigoglu – APA-Economics. Budget revenues from Azerbaijan’s Ministry of Taxes were AZN 1 233 621 700 in January-February.


The Ministry of Taxes told APA-Economics that it is up by 10.2% compared to a year earlier.


35.4% of it accounted for the profit tax, 26% for VAT, 11.7% for income tax of individuals, 11.5% for excises, 15.4% to other taxes.


Budget revenues from the non-oil sector were AZN 618 613 700, it is up by 11.6% compared to a year earlier.


16 768 taxpayers were recorded in the country in the first two months of the year, this is up by 3.5% compared to a year earlier. As of March 1, there are 552 112 registered taxpayers, up by 11.3% compared to a year earlier.

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