BAKU, Azerbaijan, December 24. Revenue to the state budget of Azerbaijan through the State Customs Committee (SCC) increased by 6.2 billion manat ($3.6 billion) from January through November 2024.
Data obtained by TurkicWorld from the country's State Customs Committee shows that this figure has jumped by 5 percent compared to the same time last year.
Furthermore, there was a notable escalation in customs duty revenues, reflecting a 23.5 percent uptick, culminating in a total of 1.8 billion manat (equivalent to $1 billion) over the preceding fiscal year.
Revenues from value-added tax (VAT) saw a slight decline of 1.2 percent, amounting to 3.9 billion manat ($2.2 billion). Excise tax revenues decreased by 10.2 percent, reaching 184.8 million manat ($108.7), while road tax revenues experienced a minor drop, totaling 39.2 million manat ($23).
