Tax payments increase by 22 per cent in Azerbaijan non-oil sector
Azerbaijan, Baku, Jan 13 /Trend N.Ismayilova/
Azerbaijan's Ministry of Taxes transferred 5.475 billion manat of taxes and other charges to the state budget in 2011, the Ministry said on Friday.
The non-oil sector provided 2.874 billion manat of tax revenues, a 22 per cent increase compared to 2011. Some 39 per cent of tax revenues accounted for income tax, 25.4 per cent VAT, 13.1 per cent the income tax, 7.6 per cent excise taxes and 14.9 per cent the share of other taxes.
The total number of taxpayers, who passed the tax registration numbered 67 376. Some 10 075 individuals had registered their tax electronically since July 2011. In total some 88.5 per cent of tax returns which equates to 420,380 people were submitted electronically in the whole of 2011.
Official exchange rate on Jan 13 is 0.7864 AZN/USD