BAKU, Azerbaijan, October 25. Revenues to the state budget of Azerbaijan from value-added tax (VAT) are forecasted to be more than 6.1 billion manat ($3.5 billion) in 2023, Trend reports citing draft law on Azerbaijan's state budget for next year.
Income tax revenues from individuals are expected to reach 1.68 billion manat ($988.2 million), while income tax from legal entities - is 6.4 billion manat ($3.7 billion).
According to the draft law, the revenues of the state budget of Azerbaijan for the next year are forecasted at level of 30.7 billion manat ($18 billion), and expenditures - of 33.3 billion manat ($19.5 billion).