Economy Minister announces growth rate of non-oil sector of Azerbaijan

  28 March 2022    Read: 478
Economy Minister announces growth rate of non-oil sector of Azerbaijan

A significant increase in tax revenues by types of payments and directions was registered against the backdrop of positive dynamics recorded in the non-oil sector of the Azerbaijani economy from January through February 2022, compared to the same period last year, Azerbaijani Economy Minister Mikayil Jabbarov tweeted, AzVision.az reports.

The minister also posted a table, showing that the growth rates of tax revenues in the non-oil sector were: for VAT - by 45.4 percent per year, for excises - by 32.9 percent, for income tax - by 68 percent, for property tax - by 61.6 percent, for road tax - by 32.2 percent, for mineral extraction tax - twice, for land tax - an increase of 2.1 times.

The minister noted that growth rates were also recorded in the non-oil sector: the service sector grew by 19.6 percent over the year, the non-oil industry - by 30.8 percent, the communications sector - by 62.5 percent, trade - by 2.2 times, catering - by 3.9 times, the transport sector - 4.5 times.


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