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Azerbaijan’s non-oil sector fetches over half of taxes in 2012

14 January 2013 19:41 (UTC+04:00)
Azerbaijan’s non-oil sector fetches over half of taxes in 2012

Azerbaijan's Ministry of Taxes transferred 6.025 billion manat in tax revenue to the state budget In 2012, a statement published on the website of the ministry says, Trend news agency reported.

Profit tax proceeds amounted to 37.4 per cent of total tax levies; value added tax - 24.6 per cent, income tax - 13.5 per cent, excise tax - 7.5 per cent and other taxes - 17 per cent.

The non-oil sector provided a receipt to the state budget of 3.287 billion manat which is 14.5 per cent higher than in 2011.

In 2012, 72,263 taxpayers passed state registration. The number of individuals registered in electronic form from July 1, 2011 to January 1, 2013 amounted to 55,086. The total number of taxpayers on January 1 totaled 481,710.

The official exchange rate for January 14 is 0,7848 AZN / USD.

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