BAKU, Azerbaijan, November 20. The customs revenues make up 35 percent of the non-oil profit of Azerbaijan's state budget, Azerbaijani President's Assistant and Head of the Department for Economic Affairs and Innovative Development Policy of the Presidential Administration of Azerbaijan Shahmar Movsumov said, Trend reports.
He spoke at the Customs Business Forum 2023 (GBF23), held in Baku.
According to him, the increase in foreign trade has led to an increase in customs revenues for Azerbaijan's budget.
"It is appropriate to emphasize adaptable, modern, and transparent management strategies in customs authority' actions here. Large-scale efforts implemented to improve customs control, facilitate trade, eliminate the "shadow economy," and organize stable, automated, and pleasant services for citizens have a special role," he said.
Revenues to the state budget of Azerbaijan through the State Customs Committee (SCC) increased by 12.68 percent from January through October 2023 year-on-year, exceeding 5.2 billion manat ($3 billion).
Receipts from customs duties to the state budget increased by 19.31 percent (219.6 million manat or $129.1 million) in the reporting period year-on-year and amounted to 1.3 billion manat ($764.7 million).
Meanwhile, revenue from VAT amounted to 3.6 billion manat or $2.1 billion (up by 10.01 percent year-on-year), from excise tax - 186.6 million manat or $109.7 million (up by 39.35 percent), and from road tax - 36.5 million manat or $21.4 million (down by 30.59 percent).
The "Customs Business Forum 2023" has been held in Baku as part of a series of events dedicated to the 100th anniversary of the national leader Heydar Aliyev.
The main goal of the forum is to provide a corporate report from the Committee on Customs and Business Cooperation, announcing upcoming work and calling on business entities to actively participate in ongoing projects, etc.
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