16:30 - 20.11.2024

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November 20, Fineko/abc.az. Revenues from tax & customs privileges to be applied in Azerbaijan from next year are to exceed losses.

ABC.AZ reports that Fikret Shirinov, the head of the Tax Policy & Revenue Department of the Ministry of Finance, made this statement at a meeting of the Milli Majlis Committee on Economic Policy, Industry and Entrepreneurship.

According to Shirinov, the State Tax Service will face losses of 20.9 million manats a year, and the State Customs Committee - 2.9 million manats.

"As a result, the total annual losses will amount to 23.8 million manats. The income will reach 32.6 million manats, which will eventually ensure the receipt of additional finances in the amount of 8.7 million manats to the budget," Shirinov said.