12:22 - 10.12.2021

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December 10, Fineko/abc.az. The State Tax Service under the Ministry of Economy increased the transfer of taxes and duties to the State Budget of Azerbaijan by 15.7% over Jan-Nov 2021 up to AZN 7.96 bn, and thereby the forecast was fulfilled by 21%.

The indicator increased by 15.7%, or about AZN 1.1 bn compared with the previous period.

ABC.AZ informs that for the past 11 months of 2021 country’s revenues from the non-oil sector amounted to AZN 5.87 bn, and the forecast was met by 14.8%.

The State Budget received an additional AZN 756.1 million (13.5% or AZN 697.3 million more versus Jan-Nov 2020).

Tax revenues on the private non-oil & gas sector grew by 19.6% (against Jan-Nov 2020) to AZN 4.439 bn. Revenues by districts totaled AZN 866.6 million, the forecast was implemented by 14.3%, and compared with 2020 they grew by 9.3%.

73.7% of the taxes paid accounted for the non-oil sector and 26.3% for the oil & gas sector.