Budget transfers from customs authorities up by over 10% in Azerbaijan

Kanan Sadigov
Post's author

In January-July 2023, the budget transfers from the State Customs Committee (SCC) amounted to 4,194.4 million manats (nearly $2.5 billion), up 10.4%, from January-July 2022, Report informs, citing the Committee.

In the reporting period, the revenues from customs duties increased by 18% to 1,068,831,000 manats ($628.7 million), from value-added tax (VAT) by 7.4% to 2,912,714,000 manats ($1.7 billion), from excise taxes went up by 38.8% to 147.6 million manats ($86.8 million), and from road tax dropped by 28.1% to 30.251 million manats ($17.8 million).

Latest news

New opportunities opening up for Azerbaijani business in Central Asia 29 November, 2024 / 20:51
Renat Bekturov: Azerbaijan can leverage AIFC for green and Islamic finance 29 November, 2024 / 20:46
Azerbaijan increases methanol export revenues by almost 15% 29 November, 2024 / 20:42
IDF reports strike on Hezbollah rocket launcher in Lebanon 29 November, 2024 / 20:30
WTO chief commends Hungary's economic neutrality approach 29 November, 2024 / 20:09
Azerbaijan represented at book fair in Ankara 29 November, 2024 / 20:05
Azerbaijan, Sweden discuss cooperation priorities within IOTA 29 November, 2024 / 19:56
Syrian authorities announce restoration of control over certain positions 29 November, 2024 / 19:41
Protesters in Tbilisi plan to block strategic facilities 29 November, 2024 / 19:38
CBA discusses change management during uncertainty period with more than 40 central banks 29 November, 2024 / 19:35
Foreigners' spending via card in Azerbaijan down 24% 29 November, 2024 / 19:18
NATO flexes muscles in Finland's Baltic waters 29 November, 2024 / 19:12
UN sets up advisory body for underwater cable protection 29 November, 2024 / 19:08
Azerbaijani artists showcase "Art for a Greener Future" in Paris 29 November, 2024 / 19:00
SOCAR Management maintains leadership among state enterprises in non-oil and gas exports 29 November, 2024 / 18:46