Head of the Main Department for Tax Monitoring in the Institutions for Foreign Cooperation and Finance Zaur Fatizade said the impact of the USD rise on the budget is estimated at AZN 100 million.
Head of the main department for risk analysis and control of the Ministry of Taxes of Azerbaijan Natig Shirinov the payments on currency are made by the taxpayers on Production Sharing Agreement and main export pipelines: “Generally, the economic crisis reduced currency receipts. Currency receipts in manat have increased due to devaluation of the national currency. However, total tax receipts declined. Manat devaluation leads to inflation. Ministry of Economy forecasts inflation at 7.3% in 2017. In the budget of 2017, 1 USD is around AZN 1.75”.
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