Tax forecast exceeds in Azerbaijan
Baku, Azerbaijan, Nov.11
By Azad Hasanli - Trend:
The Azerbaijani Taxes Ministry transferred tax payments in the amount of 5.97 billion manat to the state budget in January-October 2015 versus 6.14 billion manat for the same period of 2014, the ministry's website said Nov.11.
The forecast on income was implemented by 100.1 percent.
Around 65,367 taxpayers were registered in Azerbaijan in January-October 2015.
The state budget revenues in the amount of 7.11 billion manat, or 36.6 percent of total revenues are forecasted in Azerbaijan through the Ministry of Taxes in 2015.
Some 4.81 billion manat, or 67.7 percent will account for the revenues from the non-oil sector.
The revenues from the oil sector are projected at 2.3 billion manat (with 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 manat, expenses - 21.1 billion manat. Budget forecasts are formed at an oil price of $90 per barrel.