BAKU, Azerbaijan, September 17. Azerbaijan's total tax revenues amounted to $15.8 billion in 2024.
The data obtained by Trend from the State Tax Service under the Ministry of Economy shows that 30.2 percent of the revenues came from the oil and gas sector, while 69.8 percent came from the non-oil and gas sector.
As many as 42.9 percent accounted for profit tax, followed by 27.1 percent—VAT, 11.6 percent—personal income tax, 8.5 percent—excise tax, 2.4 percent—simplified tax, 2.1 percent—property tax, 1.9 percent—state duties, and 3.5 percent—other taxes.
In the non-oil and gas sector alone, profit tax made up 31.3 percent, VAT 35.4 percent, personal income tax 16.7 percent, excise tax 6.1 percent, simplified tax 3.5 percent, state duties 2.8 percent, property tax two percent, and other taxes 2.2 percent.
