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Azerbaijan's tax revenues from non-oil sector soar in first quarter 2025

Economy Materials 12 April 2025 08:35 (UTC +04:00)
Azerbaijan's tax revenues from non-oil sector soar in first quarter 2025
Evez Hasanov
Evez Hasanov
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BAKU, Azerbaijan, April 12.​ Tax revenues from Azerbaijan's non-oil and gas sector exceeded 3.22 million manat ($1.89 million) from January through March 2025.

Data obtained by Trend from the State Tax Service indicates that these revenues saw an increase of 312 million manat ($183.5 million), or 10.7 percent, compared to the same period last year.

During the first quarter of 2025, nearly 4.38 million manat ($2.57 million) in taxes were collected for the state budget through the State Tax Service. This represents an increase of nearly 98.9 million manat ($58.1 million), or 2.3 percent, compared to the previous year.

Of the total taxes paid, 73.7 percent came from the non-oil and gas sector, while 26.3 percent was contributed by the oil and gas sector.

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