Minister Fazil Mammadov: Additional tax incomes of Azerbaijan’s state budget-2011 will be formed on account of oil sector

According to last amendments made in Azerbaijan’s state budget-2011, main part of additional state incomes to be provided by the tax organs will come from oil sector, said Azerbaijani Minister of Taxes Fazil Mammadov. He noted that additional tax revenues on non-oil sector are expected to make AZN 110 mln.

Note that, the amendments made in the budget, considers increase of budget incomes by AZN 700 mln via tax organs.

To Mammadov, growth on non-oil sector will be formed on account of tax payments of contracting and subcontracting organizations within the framework of especially infrastructure projects. In general, main part of budget increase will come from SOCAR and Azerbaijan International Operating Company (AIOC).


/APA/