ENLARGED SESSION HELD IN THE TAX MINISTRY
Specific gravity of the taxes in GDP made up 12.56% for six months of 2003: the tax funds were increased by 446.1 bn AZM or 29.9% as compared with the same period of the last year, including State Oil company - by 296.9 bn AZM or 46.4%, and non-oil sector –149.2 bn AZM or 17.5%.
The State-owned enterprises have transferred 1164.8 bn AZM to the state budget against planned 1131,6 bn AZM exceeding the last year’s figure by 330 bn AZM; the non-governmental enterprises 770.9 bn AZM against 716 bn that is 116.1 bn AZM more than their last year’s figure.
The VAT plans are also overfulfilled (599.3 bn AZM), excise tax – 164.5 bn AZM, profit tax – 415.7 bn AZM, income tax from natural persons – 320.5 bn AZM, including other taxes and duties.
Minister Fazil Mammadov summed up the session’s results.
