Azerbaijan sees 4% increase in tax revenues

Over the past 11 months of this year, the State Tax Service has recorded a 4.1% increase in tax revenues, totaling 15,337.7 million manats (over $9 billion) compared to the same period last year, the Minister of Economy, Mikayil Jabbarov, wrote on X, Report informs.

“Notably, during this period, tax revenues from the nonoil and gas sector have shown remarkable growth of 18.9%, reaching 9,015.8 million manats ($5.3 billion). This positive trend underscores the effectiveness of the country's tax policy, playing a crucial role in sustaining economic growth by ensuring a robust dynamic in tax revenues from the non-oil and gas sector,” the minister said.