Azerbaijani Customs Committee boosts transfers to state budget in 2021

Finance 19 January 2022 11:47 (UTC +04:00)

BAKU, Azerbaijan, Jan. 19

By Nazrin Israfilova - Trend:

The Azerbaijani state budget revenues through the State Customs Committee grew in 2021, Trend reports via the committee.

According to the committee, this figure exceeded 4.3 billion manat ($2.5 billion), up by 10.3 percent on annual basis.

Last year, the budget revenues from customs duties increased by 18.6 percent compared to 2020 and equaled 1.2 billion manat ($710 million).

The budget revenues from VAT rose by 6.9 percent up to 2.93 billion manat ($1.72 billion) while from road tax - by 19 percent, exceeding 43.6 million manat ($25.6 million).

The revenues from excise taxes amounted to 163.1 million manat ($95.9 million), up by 13.6 percent on annual basis.

In December 2021, the budget revenues from taxes and duties via the committee stood at nearly 405.5 million manat ($238.5 million), which is 14.9 percent more than in the same month of 2020.