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Azerbaijan names most profitable non-oil fields in terms of tax revenue growth

Finance 21 January 2022 21:00
Azerbaijan names most profitable non-oil fields in terms of tax revenue growth

BAKU, Azerbaijan, Jan. 21

By Nazrin Israfilova – Trend:

The highest growth rates of tax revenues in Azerbaijan’s non-oil sector were recorded in catering – 84.1 percent, retail trade – 53.7 percent, industrial sector – 29.3 percent, and the service business – 19.7 percent in 2021, the Minister of Economy of the Republic of Azerbaijan Mikayil Jabbarov said on Twitter, Trend reports.

Jabbarov tweeted that revenues from VAT in the non-oil industry increased by 17 percent, from excises – by 25 percent, and from income tax – by 16.3 percent in 2021.

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