BAKU, Azerbaijan, Nov. 7
By Eldar Janashvili - Trend:
The forecast for an absolute increase in Azerbaijan’s state budget revenues on value added tax in 2020 will be 541 million manat ($318.2 million, or 12.9 percent more compared to the forecast for this year), Trend reports referring to the prepared report of the Chamber of Accounts on the draft law “On State Budget for 2020.”
The increase in state budget revenues on personal income tax will amount to 295 million manat ($173.5 million, or 33.5 percent), on revenues for paid services of budgetary organizations - 212.9 million manat ($125.2 million), according to the report.
The difference between the contract (selling) price (net of export costs) and the domestic wholesale price of products manufactured and regulated by prices is calculated at 84 million manat ($49.4 million, or 61.8 percent), excise taxes - 67 million manat ($39.4 million, or 6.8 percent), for simplified tax - 58 million manat ($34.1 million, or 18 percent), on customs duties - 50 million manat ($29.4 million, or 5.6 percent), on road tax - 7 million manat ($4.1 million, or 6.1 percent), on production tax - 1.5 million manat ($882,360, or 1.1 percent).
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