Economy Minister: Private sector receipts increased by 45%


May 27, Fineko/ Tax revenues for the private sector of the non-oil sector increased by 44.7% for Jan-Apr 2022 (versus Jan-Apr 2021) and by 45% in the oil sector, excluding taxes of foreign and local subcontractors.

ABC.AZ reports that Economy Minister Mikail Jabbarov wrote about this on Twitter.

“Over Jan-Apr 2022 there was a significant increase in tax revenues in the non-oil sector against the 2021 same term. This dynamic is the result of economic diversification, expanding the scope of transparency and improving the quality of tax administration," the minister emphasized.