17:39 - 18.12.2019

---

December 18, Fineko/abc.az. Excise tax revenues increased by 20%.

ABC.AZ reports with reference to the State Statistics Committee that State Budget revenues for Jan-Oct 2019 rose by 6.3% against the 2018 same term.

Budget revenues totaled AZN 19.367 bn for the reported term. 21.73% of budget revenues are provided by value added tax, 11.84% - income tax of legal entities, 5.58% - taxes related to foreign economic activity, 3.85% - excise taxes, 3.84% - personal income tax, 1.59% - simplified tax, 2.16% - other types of taxes, 49.41% - non-tax income.

Excise tax revenues for Jan-Oct of the year increased by 20% against the 2018 same period. State Budget received AZN 746.11 million on this tax. And taxes on foreign economic activity for the reported term grew by 19% (versus the 2018 same term). VAT revenues for Jan-Oct 2018 increased by 17% up to AZN 4.208 bn. Property tax observed a 12% rise.