In January Tax Collection Forecasts Over-Fulfilled at 30%

Business Materials 20 February 2008 20:55 (UTC +04:00)

Azerbaijan, Baku, 20 February / corr. Trend I.Khalilova / The Taxes Ministry of Azerbaijan stated that the forecasts were not implemented only on two types of taxes - VAT and profit tax.

The transfers from the income tax made up AZN 579.362mln (the forecasts were implemented at 141.5%), VAT - AZN 50.751mln (77.8%), profit tax of physical entities - AZN 38.171mln, excise tax - AZN 24.359mln, field tax 13.888mln (implemented at 153.6%), property tax - AZN 17.92mln, simplified taxation system - AZN 6.672mln (implemented at 158.7%), land tax - AZN 10.181mln and road tax - AZN 5.603mln, which is 3.2 times more than forecasts.

Generally, the Ministry of Taxes implemented the forecasts at 129.5% in January - AZN 764.466mln, as compared to forecasted AZN 590.174mln.

The forecasts for the Ministry, in 2008, have been determined at AZN 5bln.