...

Development of domestic production in Azerbaijan to reduce share of customs payments in budget income

Business Materials 28 January 2012 10:46 (UTC +04:00)
With the development of domestic production in Azerbaijan share of customs payments in budget income will reduce, head of the State Customs Committee Aydin Aliyev told Trend on Friday.
Development of domestic production in Azerbaijan to reduce share of customs payments in budget income

Azerbaijan, Baku, Jan.27 / Trend A.Akhundov /

With the development of domestic production in Azerbaijan share of customs payments in budget income will reduce, head of the State Customs Committee Aydin Aliyev told Trend on Friday.

"It is important for the country to reduce dependency on imported goods and increase domestic production. Low share of customs payments in budget income reflects high rate of domestic production," Mr Aliyev said.

He said for example in the U.S. share of customs payments in budget income is less than 1 per cent.

Share of customs payments in the income of budget of Azerbaijan was 9.66 per cent in 2010, 7.27 per cent - 2011, and will be 7.3 per cent in 2012 taking into consideration forecast.

In 1993-2011 rate of customs payments to the state budget showed annual growth. If in 1994 the state budget received from the customs payments 3.48 million manat in 2012 this figure is estimated to be 1.2 billion manat.

The State Customs Committee executed forecast of payment for 2011.

Thus, the State Customs Committee transferred 1.14 billion manat to the state budget.

Proceeds from the customs duties amounted to 33.117 million manat in Dec.2011, value-added tax of imported goods-67.23 million manat, excises - 6.83 million manat and highway-user tax - 0.95 million manat.

The State Customs Committee executed the forecast by 100.16 per cent in 2010 transferring 1.101 billion manat to the budget.

The official exchange rate is 0.7863 AZN to $1 on Jan.27.

Tags:
Latest

Latest