BAKU, Azerbaijan, Nov.9
By Sadraddin Aghjayev - Trend:
Revenues to the state budget of Azerbaijan from value-added tax (VAT) in 2022 are projected at over 5.278 billion manats ($3.1 billion), Trend reports on Nov. 9 referring to the draft state budget for next year.
According to the report, revenues from income tax of individuals are projected at 1.485 billion manats ($874 million), from income tax of legal entities - 2.67 billion manats ($1.6 billion).
In addition, state budget revenues from land tax and property tax are projected at 45 million ($26.5 million) and 236 million manats ($139 million), respectively.
According to the bill, revenues of the state budget of Azerbaijan next year are forecasted at the level of 26.816 billion manats ($15.8 billion), and expenditures - 29.879 billion manats ($17.6 billion).
Earlier it was reported that the state budget revenues in 2020 amounted to 24.68 billion manats ($14.5 billion).
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