Bank Of Baku

Ministry of Taxes increases budget transfers by 5.4%

Ministry of Taxes increases budget transfers by 5.4%
# 14 May 2014 09:07 (UTC +04:00)

Baku. Musa Ahmadov – APA-Economics. In January-April, 2014, the Ministry of Taxes transferred AZN 2,650,404,600 to the state budget, up 5.4% from previous year.

 

The Ministry told APA-Economics that 39.8% of this was profit tax, 24.7% - VAT, 11.6% - income tax, 9.4% - excises, 14.5% - other taxes.

During the reporting period, AZN 1,411,900,000 was transferred to the budget from non-oil sector.

In January-April, 30,131 tax payers were registered. As of May 1, 2014, number of registered taxpayers made 564,408. 

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