Revenues from State Customs Committee exceed 3.6B manat in Azerbaijan as of Nov.1
BAKU, Azerbaijan, Nov. 8
By Eldar Janashvili - Trend:
From January through October 2019, revenues to Azerbaijan's state budget via the country's State Customs Committee exceeded 3.6 billion manat ($2.1 billion), which is 22.4 percent more compared to the same period last year, Trend reports referring to the customs committee.
In the first nine months of 2019, customs duties amounted to over 909.3 million manat ($534.8 million), or 25 percent of all revenues, VAT - over 2.4 billion manat ($1.4 billion) or 68 percent of all revenues, excise taxes - over 217.3 million manat ($127.8 million) or 6 percent of all revenues, road tax - over 36.6 million manat ($21.5 million) or 1 percent of all revenues.
In October 2019, compared with October 2018, revenues from customs duties increased by 20.5 percent, from VAT - by 24.6 percent, from excise taxes - by 52.9 percent, from road tax - by 21.1 percent.
From January through October 2019, revenues from Azerbaijan's State Customs Committee exceeded 2.8 billion manat ($1.6 billion). In the first ten months of 2019, total amount of the revenues increased by 13.1 percent.
State budget revenues from the State Customs Committee are generated from four sources: customs duties, VAT, excise tax and road tax.
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