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Azerbaijan sees growth in state budget revenues from customs

Business Materials 9 July 2020 10:32
Azerbaijan sees growth in state budget revenues from customs

BAKU, Azerbaijan, July 9

By Fidan Babayeva – Trend:

The volume of Azerbaijan’s state budget revenues from customs duties in Jun. 2020 amounted to 85.9 million manat ($50.5 million), which is 0.7 percent more compared to the same period of 2019, Trend reports citing the State Customs Committee (SCC) of Azerbaijan.

In the reporting period, the volume of the state budget transfers from the committee made up 323.7 million manat or $190.4 million, which is 0.1 percent less than in 1H2019.

The volume of revenues from imposing value added tax (VAT) fell by 2.2 percent up to nearly 222.6 million manat ($130.9 million), excise taxes – by 69 percent up to slightly over 12.1 million manat ($7.1 million), and road tax - by 11 percent up to 2.9 million manat ($1.7 million).

(1 USD = 1.7 manat on July 9)

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Follow the author on Twitter: @Fidan_Babaeva

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