17:06 - 23.10.2019

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October 23, Fineko/abc.az. The Ministry of Taxes fulfilled the forecast on tax revenues by 106.4%.

ABC.AZ reports that according to the Ministry, for Jan-Sept 2019 the funds were received by 5.7% or AZN 302.8 million more compared with the 2018 same period. 30.0% of tax revenues accounted for the share of the oil & gas sector. During this period the oil & gas sector fulfilled 76.7% of the annual tax forecast for 2019.

According to the report, in the context of oil production cuts within production sharing agreements, there is a decrease in tax revenues in the oil & gas sector. Revenues to the oil and gas sector for 9 months of 2019 decreased by 7.5% compared with the same term of 2018.