Azerbaijan observes over 19% increase in Nakhchivan’s tax revenues

In the first half of 2025, 115.8 million manats (just over $68.1 million) in taxes were received by the budget through the State Tax Service (STS) under the Economy Ministry of Azerbaijan's Nakhchivan Autonomous Republic, Report informs, citing the STS.

According to data, this is 19.2% more compared to the same period last year.

In January-June of 2025, 67.3% of the paid taxes came from the private sector, while 32.7% came from the public sector.

Revenues from the private sector stood at 77.9 million manats (just over $45.8 million), representing an increase of 17.6 million manats ($10.3 million) or 29.2% compared to the first six months of 2024.