Azerbaijan, Baku, Dec. 24 /corr. Trend N.Ismaylova / According to the data provided by the Ministry of Taxes of Azerbaijan, in Jan-Nov 2008 the forecasts on transfers to the Public budget on two kinds of taxes were not implemented - on the excises and income tax of the physical entities, the Ministry said on Dec. 24.
The highest specific weight in the tax revenues fell on profit tax, which is connected with the launching of Baku-Tbilisi-Ceyhan pipeline in 2006 and payments on this tax by the contractors and subcontractors. During the reported period, the transfers on the profit tax composed AZN 2.73bln, and forecast was implemented at the level of 115.2%. The VAT ranks second for its specific weight, which composed AZN 1.05bln. The forecast was implemented at 102.1%. AZN 570.3mln was paid on the tax from the income of the physical entities, which is 21.1% less than the forecasted amount.
During the reported period, the transfers on the excise tax composed AZN 289.6mln, which is 12.7% less than the forecast. Forecast on the tax for natural wealth was implemented at 100.1%, totaling AZN 124.7mln, the property tax AZN - 101.3mln, which is 1.1% more than the expected indices. Transfers on the simplified tax are realized at 102.7%, composing AZN 59.4mln, Land Tax - AZN 29.7mln, road tax - AZN 24.1mln, which is 0.8% more than forecast.
In line with the State duties, the forecast indices are completed were completed at 114.9%, or AZN 55.2mln.
As a whole, in line with the Ministry of Taxes, the forecast was implemented at 104.2% in 11 months, totaling AZN 5.24bln as compared to forecasted AZN 5.03bln.
Official rate on Dec. 24 is 0.8022 AZN/USD.
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