BAKU, Azerbaijan, July 9. Nearly 115.8 million manat ($68 million) in taxes was collected for the budget through the State Tax Service of Azerbaijan's Nakhchivan Autonomous Republic under the Ministry of Economy from January through June of the current year.
The data obtained by Trend from the State Tax Service shows that in
juxtaposition with the corresponding timeframe from the previous
annum, this metric experienced an escalation of 19.2 percent,
equating to an increment of 18.6 million manat (approximately $11
million).
In this timeframe, the financial influx from the non-public sector
reached a substantial 77.9 million manat, equivalent to
approximately $46 million. In juxtaposition to the initial semester
of 2024, fiscal inflows from this sector escalated by 17.6 million
manat ($10.4 million), reflecting a robust growth rate of 29.2
percent.
In the fiscal landscape, a substantial 67.3 percent of the tax
revenue was generated from the non-state sector, while the state
sector contributed a notable 32.7 percent.
