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Revenues from customs duties increase in Azerbaijan

Business Materials 7 May 2021 20:33 (UTC +04:00)
Revenues from customs duties increase in Azerbaijan

BAKU, Azerbaijan, May 7

By Fidan Babayeva - Trend:

Receipts from customs duties to the state budget of Azerbaijan increased by 43 percent in April 2021, compared to the same month of 2020, and amounted to 99.8 million manat ($58.7 million), Trend reports citing the State Customs Committee (SCC).

As reported, state budget receipts through the SCC in the reporting month amounted to 370.8 million manat ($218.1 million), an increase of 4 percent on annual basis.

State budget revenues from value-added tax VAT decreased by 8 percent compared to April 2020 - to 251.9 million manat ($148.1 million), and excise taxes increased by 24 percent - to 15.4 million manat ($9.05 million).

At the same time, road tax revenues have more than doubled, amounting to 3.6 million manat ($2.11 million).

(1 USD = 1.7 manat on May 7)

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