Tax arrears in Azerbaijan reached 4.248 billion manats, or roughly $2.5 billion, as of October 1. The figure comes from the Finance Ministry’s nine-month report.
According to a nine-month report released by Azerbaijan’s Ministry of Finance, tax debts in the country saw a sharp rise over the period. The report covers January through September and tracks the figure’s dynamics both year-on-year and against the start of the year.
The document shows that the October 1 figure is up 939.2 million manats, or 28.4%, compared with January 1, the start of the year. This reflects the additional burden built up over the nine-month period.
The picture looks even sharper on a 12-month basis: the country’s tax liabilities grew by 1.0787 billion manats, or 34%, over the past year. The figure has therefore shown sustained growth against both comparison points.
