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80% of the state budget's fiscal collections were provided by the State Revenue Service

  • Bloq
  • 26-Nov-2024, 11:09
  • 20
80% of the state budget's fiscal collections were provided by the State Revenue Service

80% of the state budget's fiscal collections were provided by the State Revenue Service


According to the results of the first 9 months of this year, more than 94% of all tax revenues were realized as a result of voluntary compliance by entrepreneurs.

"It would be appropriate to indicate fiscal risks in the budget envelope,"

"AZE Finance" reports, citing Samira Musayeva, Deputy Head of the State Tax Service (STS).

She noted that 80% of the state budget's fiscal collections were provided by the STS.

These include not only taxes, but also social insurance revenues, compulsory insurance contributions, unemployment insurance contributions and other revenues.

"All this is related to increasing the discipline of tax compliance by entrepreneurs," she added.

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“AZE Consulting” LLC started its activities in September 2019. Since the day it started its activities, the company has been providing tax, accounting services, and establishment of accounting systems, financial reporting, legal and migration services, personnel record management, human resources management, and occupational safety services to companies operating in various fields.

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