The entrepreneurs - residents of Azerbaijan, working in Italy, have received opportunities of tax benefits. According to the information of the Ministry of Taxes of Azerbaijan, the government of this country has put local businessmen in the so-called "white list" of jurisdictions in tax matters, which will improve conditions for entrepreneurs.
Recall, the majority of exports to Italy ($ 885,712,710, according to the Customs Committee by August 1) falls on crude oil, whilst the imports of Italian goods amounted to $ 209.08 million.
The "white list" approved by the Ministry of Economy and Finance of Italy includes 123 countries. Tax incentives include the provision of tax holidays for certain types of income. --17D-
Economics
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The INMerge Innovation Summit, organized by PASHA Holding, continued in Baku on Friday. The summit brought together leading industry leaders, startups, and investors in the fields of fintech, e-commerce, artificial intelligence, and digital business.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved a new regulation titled “Procedure for the Transfer of Regulatory Functions and Duties for Flight Safety Supervision,” aligning with the country’s obligations under international civil aviation agreements.
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In September 2024, Azerbaijan experienced a noticeable increase in the Consumer Price Index (CPI), reflecting broader economic trends and the impact of various factors on the market. The CPI, a critical indicator of inflation, rose by 3.5% compared to the same month in 2023. This growth was driven by several components, including food and non-food products, as well as paid services provided to the population.
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The shareholders of JSC "Saba" (Səba) have scheduled an extraordinary general meeting for October 28 at 15:00, where the main agenda item will be the liquidation of the joint-stock company and the formation of a liquidation commission, according to company announcements.
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