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Tax revenues from non-oil sector increase by almost 40 percent in Azerbaijan

Business Materials 4 May 2013 13:47 (UTC +04:00)
The Azerbaijani Ministry of Taxes prepared and presented a package of proposals to promote cashless payments and limit cash transactions, Azerbaijani Minister of Taxes Fazil Mammadov said at a meeting today.
Tax revenues from non-oil sector increase by almost 40 percent in Azerbaijan

Azerbaijan, Baku, May 4 / Trend /

The Azerbaijani Ministry of Taxes prepared and presented a package of proposals to promote cashless payments and limit cash transactions, Azerbaijani Minister of Taxes Fazil Mammadov said at a meeting today.

The minister added that the ministry is facing important challenges within the "Azerbaijan 2020: vision into the future" concept. The ministry prepared a strategic plan for 2013-2020, which includes the actions on 22 directions.

Mammadov said that tax revenues from the non-oil sector increased by 39.5 percent - up to 931.1 million manat over the past two years.

Over 1.523 billion manat were transferred to the state budget during the first quarter of this year, which is 133 million manat (9.6 percent) more than the same period of last year, Deputy Minister of Taxes Sahir Mammadkhanov said.
He stressed that the figure hit more than 6.025 billion manat as of 2012.

The revenues from non-oil sector totaled 839.2 million manat in the first quarter of this year, which is 47.5 million manat (6 percent) more than in the same period of last year.

The information on expanding the tax base, improving the efficiency of tax control, strengthening the measures to combat tax violations, using the information and communication technologies was disseminated.

Advisor to the Minister Alakbar Mammadov spoke about the education and preparation in the Ministry of Taxes, their problems and prospects.

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