In July, the Ministry of Taxes revealed 4,724 taxpayer violated tax laws.
As stated in the press release of the main fiscal department, most of the offenders (695) received payments in foreign currency in odd areas, 656 taxpayers did not have a business license, while 215 worked with no registration for tax purposes.
In addition, the tax authorities in the reporting month, revealed the absence of labor contracts at 31 employers with 45 salaried employees. The absence of "insignia" to confirm the payment of taxes for activities in the transport of passengers in July was recorded at 250 businesses and individuals.
And yet, 32 taxpayers are engaged in the sale of excisable goods without having them on the excise stamps.
TURAN monthly reports about the tax law breakers. Unfortunately, the number of violations and the number of offenders is not reduced. --17D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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