Azerbaijani non-oil sector to ensure up to 70% of tax revenues

Azerbaijani non-oil sector to ensure up to 70% of tax revenues

Baku, Azerbaijan, Aug.12

By Azad Hasanli - Trend:

The Azerbaijani Taxes Ministry transferred tax payments in the amount of 4.1 billion manats to the state budget in Jan.-July 2015 versus 4.4 billion manats for the same period of 2014, the ministry's website said Aug.11.

The forecast on tax deduction was implemented by 101.9 percent.

Around 47,396 taxpayers passed state registration in Azerbaijan in January-July 2015.

In 2015, the Ministry of Taxes in Azerbaijan forecasts state budget revenues in the amount of 7.11 billion manats, or 36.6 percent of total revenues.

Some 4.81 billion manats, or 67.7 percent, will amount to revenues from the non-oil sector. Revenues from the oil sector are projected at 2.3 billion manats (with the weight of 32.3 percent of tax revenues).

Thus, 33 percent of a total volume of tax fees will account for the value added tax, income tax - 31 percent, income tax proceeds - 13.8 percent, excise taxes - 8 percent, other taxes - 14.2 percent, the report said.

The income of the state budget for 2015 for the ministry is set in the amount of 19.438 billion manats, expenses - 21.1 billion manats. Budget forecasts are formed at an oil price of $90 per barrel.

Azerbaijan able to ensure safety of Christian sanctuaries in Karabakh - Russian ambassador
Azerbaijan able to ensure safety of Christian sanctuaries in Karabakh - Russian ambassador
Azerbaijan is a winner - Turkish government
Azerbaijan is a winner - Turkish government
Turkey, Russia discuss details of Monitoring Center on Karabakh - Turkish Defense Minister
Turkey, Russia discuss details of Monitoring Center on Karabakh - Turkish Defense Minister
Loading Bars
Latest
President Aliyev congratulates Azerbaijani people on liberation of Lachin district
Azerbaijan expects to produce even more dry tobacco
Number of industrial enterprises in Uzbekistan up
Kazakhstan reveals trade turnover with Turkey for 9M2020
Azerbaijan’s crude oil exports in Eni’s estimates
Georgia submits final version of draft budget for 2021 to parliament
Kazakhstan eyes restricting containers transit from Europe to China
Agreement signed to establish joint Turkish-Russian monitoring center
Expenses shrink on construction of enterprises in Iran’s North Khorasan Province
Azerbaijan’s oil consumption dynamics since last two decades
Azerbaijan able to ensure safety of Christian sanctuaries in Karabakh - Russian ambassador
Trade turnover between Turkey, Georgia revealed
Tricolor flag flying in all Azerbaijani lands - Turkish embassy
President Ilham Aliyev addressing the nation - LIVE
Work on setting up command posts in Azerbaijan's liberated Lachin begins (Exclusive)
Preparation for spring sowing of agricultural crops begun in Turkmenistan
Kazakhstan's Aktau port opens tender to buy pumps
Credit Suisse to propose outgoing Lloyds Bank CEO as chairman
Azerbaijan donates liquid medical oxygen to Georgia to fight COVID-19
Iranian currency rates for December 1
Turkey's October car exports to Georgia surge
Weekly review of Georgian capital markets
World’s Top 10 oil consumers – Eni’s review
Azerbaijani oil prices change
Kazakhstan sees increase in non-cash payments volume
Turkmenistan approves volume of special agricultural land fund for joint-stock companies
Value of wood, furniture exports of Azerbaijan for 10M2020 grows
Number of mobile users of Azerbaijan's 4G network grows significantly
Kazakhstan, Russia developing preliminary design for joint space rocket complex
Azerbaijan's Azergold auctions off bonds
Oil to be main beneficiary of effective vaccine
Total assets of Georgian banks increase
Azerbaijan, Russia deem important to form new tourism products
BRUA pipeline may connect to TAP bringing gas from Azerbaijan
Foreign secretaries of Uzbekistan and US in talks over business co-op
Azerbaijani flag raised in liberated Lachin district (VIDEO)
Turkmenistan, Uzbekistan discuss issues of co-op in framework of bilateral, regional relations
Azerbaijan ramps up 10M2020 export of ferrous metal products
Azerbaijani currency rates for December 1
Azerbaijan is a winner - Turkish government
Microsoft technology solutions to enable development of Azerbaijan's many economic sectors
COVID-19 drives 40% spike in number of people needing humanitarian aid
Russian TV channel shows Azerbaijan's liberated Fuzuli city completely destroyed (VIDEO)
Uzbekistan reveals its COVID-19 data for December 1
Work on conversion of NNC research reactors ongoing in Kazakhstan
Iran's comprehensive trade system to help fight corruption
Iran-Turkmenistan road to re-open after 9-month closure
Argentina reports 5,726 new COVID-19 cases
Turkey announces new curfews as part of COVID-19 measures
Iran, Georgia vow to broaden mutual cooperation
Turkmenistan takes part in meeting of SCO Council of Heads of Government (Prime Ministers)
Jens Stoltenberg: Georgia is a valuable partner of NATO
Japan’s Foreign Direct Investment in Georgia increases
Wisconsin governor certifies Biden’s win in battleground state
S.Korea reports 451 more COVID-19 cases, 34,652 in total
Kazakhstan decreases imports from Japan amid COVID-19
76 more coronavirus patients die in Moscow in past day
UK says coronavirus "back under control" after national lockdown
5.0-magnitude quake hits 64 km NW of Sinabang, Indonesia
Units of Azerbaijani Army enter Lachin region (VIDEO)
Today Lachin region returns to Azerbaijan
Azerbaijan discloses volume of exported silk
Georgia strengthens its position in olive production
Kazakhstan Railways opens tender for vehicles maintenance
Turkey, Russia discuss details of Monitoring Center on Karabakh - Turkish Defense Minister
OPEC+ agreement leaders suggest different mechanisms of oil production cuts in 2021
Oil prices down 1% as OPEC+ debates 2021 output policy
Another Turkish vaccine ready for human trials
Georgian Finance Minister tests positive for COVID-19
Iran's stock exchange needs structural reforms - Iranian MP
Kyrgyzstan provides online courses for entrepreneurs in field of tourism
Number of confirmed coronavirus cases in Serbia up by over 6,224 in past day
Azerbaijani Defense Ministry thanks Turkey's Defense Ministry
Bitcoin hits record high after steep fall last week
Logistic support assets of Russian peacekeepers in Karabakh arrive in Azerbaijan (PHOTO/VIDEO)
Turkmenistan significantly increases cement imports from Turkey
Turkish sappers begin mine clearing in liberated territories of Azerbaijan
Azerbaijan extends learning from home amid ongoing anti-coronavirus measures
Azerbaijani FM, Moldovan minister exchange views on latest situation in region
Two more Italian municipalities express support to Azerbaijan
Iran's first VP invites Shanghai Cooperation Organization to invest in Chabahar Port
Expert talks short-term price decrease on Azerbaijan's car market
Kazakhstan sees increase in lending to legal entities over 10M2020
Employment in Iran's Razavi Khorasan Province soars
Azerbaijan raises export to Croatia
Iranian Energy Exchange announces products to be on sale December 1
Preventive diplomacy is integral part of Turkmenistan's neutrality - president of Turkmenistan
Azerbaijan to minimize plastic consumption
Kazakhstan to set up int'l center to develop oil&gas engineering in co-op with ENI, Shell
Georgian Walnuts company aims for eco-friendly production
President of Jamaat-e-Islami Pakistan sends letter to president of Azerbaijan
Uzbekistan exporting plums mainly to Russia and Kazakhstan
Azerbaijan's Baku Metro to engage testing services through tender
Armenian PM's attempts to meet with Russian president fail
Iran can increase exports through processing industries – economist
Iran hopes to see Iran-Afghanistan Chamber of Commerce headquarters open in Kabul
GM, Nikola announce reworked, smaller deal focused on supplying fuel-cell systems
Georgia’s Innovation and Technology Agency discloses volume of startup projects
Turkmenistan's Turkmengas opens tender for purchase of chemical products
Uzbek textile products mostly imported by Russia
All news