• $
  • €
  • ₽
  • ₺
  • £

Azerbaijan to allocate 17% of budget revenues to tax and customs incentives

Azerbaijan to allocate 17% of budget revenues to tax and customs incentives
19.11.2025 17:30

Azerbaijani officials rejected claims that the government plans to boost budget revenues by raising taxes.

MP Azer Amiraslanov said at a parliamentary session that such statements are inaccurate, noting that the tax burden increase for 2026 is only 0.7%. The government plans AZN 6.6 billion in tax and customs exemptions — 17% of total revenues.

Economy Minister Mikayil Jabbarov said reduced tax rates for low-income groups will be introduced gradually over three years.

Twitter
Go
Similar news
Similar news
Kapital Bank Opens Its First New-Concept Branch in Ganja
Business 16:41
Kapital Bank Opens Its First New-Concept Branch in Ganja
MP Gudrat Hasanguliyev Scrutinizes Credit Concentration and State Oil Fund Return Rates
Business 16:32
MP Gudrat Hasanguliyev Scrutinizes Credit Concentration and State Oil Fund Return Rates
MP Ali Masimli Questions 2.7% GDP Growth Forecast for Azerbaijan in 2027
Business 15:34
MP Ali Masimli Questions 2.7% GDP Growth Forecast for Azerbaijan in 2027
Azerbaijan sees information and communications sector growing over 11% a year
Business 15:00
Azerbaijan sees information and communications sector growing over 11% a year
Azerbaijan economy ministry sees faster growth than central bank
Business 14:35
Azerbaijan economy ministry sees faster growth than central bank
Azerbaijan central bank drafts amendments to securities market legislation
Business 14:02
Azerbaijan central bank drafts amendments to securities market legislation
Azerbaijan sees oil and gas sector declining 1.8% in 2027
Business 13:30
Azerbaijan sees oil and gas sector declining 1.8% in 2027
Azerbaijani banks’ loan portfolio grows 14% in January–October
Business 13:00
Azerbaijani banks’ loan portfolio grows 14% in January–October
Azerbaijan central bank sees no significant inflation impact from fiscal policy in 2027
Business 12:30
Azerbaijan central bank sees no significant inflation impact from fiscal policy in 2027
Anews TV

Our official Youtube channel

Subscribe