Tax, or the Code of Penalties, Exemptions, and Privileges?

At the end of each year, alongside the budget package, a special legislative package amending the Tax Code of the Republic of Azerbaijan and other related normative legal acts (laws, Cabinet of Ministers' regulations, etc.) is submitted to the Milli Majlis (National Assembly). This has become a tradition, and 2024 was no exception in this regard[1].

The expanding scope and geography of the negative impacts of global climate change have increased the need for global collective action. This necessity has called for changes not only in the format but also in the content of discussions held annually by the UN since 1995 at the Conference of the Parties (COP). This article is dedicated to one of the main topics of recent COP discussions—carbon credit markets—and the agreement reached at COP29.

On October 21, in a tunnel located in the Sabunçu district of Baku, two drivers didn’t drown in rainwater, but rather lost their lives by suffocating in the corruption that pervades the sewer system. This incident highlights the inefficiency in the use of funds allocated from the state budget, World Bank loans, and the water payments collected from citizens. This article discusses the corruption pyramid built around the funds allocated to Azersu OJSC before the establishment of the Azerbaijan State Water Resources Agency, financial aid from the World Bank and other international organizations, as well as fees collected from water consumers, and the mismanagement of Baku city.

In a recent report, the Ministry of Finance of Azerbaijan disclosed details on the execution of the state and consolidated budgets for the first nine months of 2024. The report revealed that 64.6%, or 3.1376 billion manats, of the 4.8558 billion manats allocated for the reconstruction and restoration of the liberated territories has already been spent. Additionally, 61.4% of the funds earmarked for capital investments, amounting to 1.7289 billion manats, have been utilized.