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Azerbaijan forecasts decrease in simplified tax revenues to state budget in 2022

Economy Materials 10 November 2021 19:03 (UTC +04:00)

BAKU, Azerbaijan, Nov. 10

By Sadraddin Aghjayev - Trend:

The simplified tax revenues to the Azerbaijani state budget are predicted to reach 200 million manat ($117 million) in 2022, which is by 32.2 percent or 95 million manat ($55 million) less than the forecast for 2021 and by 35.3 percent or 108.9 million manat ($64.05 million) less than the forecast for 2020, Trend reports on Nov. 10 referring to the Azerbaijani draft state budget for next year.

A decrease in revenues will be connected with a decrease in the number of types of activity of simplified taxpayers, as well as entrepreneurs involved in the construction sector and not registered in the tax structures as taxpayers upon other forms of activity in accordance with the document.

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