Forecast for simplified tax in Azerbaijan increased by 3%

The share of revenues from the simplified tax in Azerbaijan will reach 333.3 million manats ($196 million), or 1% of state budget revenues in 2024, according to forecasts.

Report informs citing the Ministry of Finance that this is 2.6% more than the approved forecast for 2023.

It should be noted that in 2024, budget revenues are projected at 34,173 million manats ($20 million), and expenses are expected at 36,763 million manats (over $22 million).