Azerbaijan sees over 9% surge in non-oil, gas tax revenues

In the first half of 2025, Azerbaijan generated over 6.421 billion manats (over $3.777 billion) in tax revenues from the non-oil and gas sector, accounting for 73.8% of total tax revenues, Report informs, citing the State Tax Service (STS) under the country's Economy Ministry.

This figure marks a 9.3% increase year-on-year and a 3.6% increase compared to the forecast.

In January-June 2025, total revenues to the state budget through the STS reached almost 8.704 billion manats (just under $5.12 billion), reflecting a 5.1% growth year-on-year and a 5.7% surge compared to the forecast.

For 2025, the STS is required to transfer 15.5 billion manats ($9.117 billion) to the state budget, of which 56.1% has already been achieved in the first six months.