BAKU, Azerbaijan, September 12. Revenues to the state budget of Azerbaijan through the State Customs Committee (SCC) from January through August 2023 increased by 10.41 percent compared to the same period in 2022, Trend reports.
According to the State Customs Committee, revenues exceeded 4.2 billion manat ($2.5 billion) in the reporting period.
Revenues from customs duties to the state budget increased by 18 percent and amounted to 1.1 billion manat ($647.1 million) in the reporting period of 2023 year-on-year (163.1 million manat, or 95.9 million).
In addition, VAT revenues amounted to 2.9 billion manat, or $1.7 billion (an increase of 7.37 percent compared to the same period in 2022) in the reporting period, from excise taxes - 147.6 million manat, or $86.8 million (an increase of 38.82 percent), from road tax – 30.2 million manat, or $17.8 million (a decrease of 28.13 percent).
In addition, the State Customs Committee's contributions to the national budget of Azerbaijan increased from 2021 to 2022 by 30.21 percent, or 5.6 billion manat ($3.2 billion).
Moreover, by 111.29 percent in 2021, the State Customs Committee exceeded the anticipated revenue to the state budget. 440.3 million manat ($258.9 million) in excess of the projected amount was transferred to the state budget.
The Committee transferred 4.3 billion manat ($2.5 billion) to the state budget in 2021, which is 10.3 percent more compared to 2020.