In March 2020, the amount of customs duties amounted to 87.14 million manat ($51.2 million), or 26.6 percent of all revenues, VAT - 225.2 million manat ($132.4 million), comprising 68.7 percent, excise taxes - 11.85 million manat ($6.9 million), or 3.6 percent. The road tax is 3.49 million manat ($2.05 million), making up 0.1 percent.
The share of collected customs duties increased by 2.1 percentage points due to a reduction in the excise share.
Revenues from customs duties increased by 10.7 percent in March 2020 compared to the same month of 2019, from value added tax (VAT) - by 3.2 percent, from excise taxes - by 2.9 percent. Revenues from the road tax dropped four times.
State budget revenues from the State Customs Committee are generated in the following four directions: customs duties, VAT, excise tax and road tax.
(1 USD = 1.7 AZN on Apr. 16)
More about: Customs-committee
