Non-oil sector ensures over half of tax revenues to state budget
Azerbaijan's Taxes Ministry provided tax revenues worth 3.6 billion manats to the state budget in January- June 2014.
The specific weight of earnings from profit tax were 32.9 percent of total tax revenues, while earnings from the value added tax were 28.3 percent, income tax - 12.8 percent, excise taxes - 10.4 percent, other taxes - 15.6 percent, the ministry reported.
Tax deduction from non-oil sector into the state budget amounted to 2.51 billion AZN, or 47.8 percent of total revenues.
Revenues from this sector increased by 15 percent compared to the same period of last year.
Some 7.1 billion AZN of tax deductions for 2014 have been forecasted for the ministry.
Some 42,681 taxpayers passed state registration in Azerbaijan in the first half of 2014. There are 574,935 taxpayers in Azerbaijan as of July 1, 2014.
The specific weight of tax declarations filed in electronic form, was 90.9 percent in January-June 2014.