Azerbaijan expects to lower the share of revenues from the oil sector by 4 percent in 2021, Finance Minister Samir Sharifov said at a meeting of the Parliamentary Committee on Economic Policy, Industry and Entrepreneurship.
According to Sharifov, one of the main goals is to increase the share of the non-oil sector in revenues.
Next year, taxes are expected to come from the non-oil sector in the amount of 5.67 billion manat ($3.34 billion), he said.
The minister stressed that growth in income tax is not expected this year, given the application of a number of tax incentives in connection with the COVID-19 pandemic.
More about: Samir-Sharifov oil revenue
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