Receipts from excise tax to increase next year

Baku. 24 October. REPORT.AZ/ In 2019, AZN 602 million is expected to be transferred to the state budget on excise tax, up AZN 48 million or 8.7% from 2018, Report informs referring to the 2019 state budget package.

According to the document, of this, AZN 502 million or 83.4% is expected from oil sector and AZN 100 million or 16.6% from non-oil sector.

Excise tax on non-oil sector is 2.2-fold or AZN 54 million more than 2018’s forecast.