Azerbaijani companies continue to hold general meetings. Among other issues, there is also the distribution of profits as dividends. As in the past year, a 10% tax is levied from the accrued dividends.
The Capital Management investment company’s spokesman Jafar Ibrahimov said it is wrong, as since February 1 this year, dividends are exempt from tax for a period of three years. This step was taken to improve the investment attractiveness of the country.
However, the Ministry of Taxes approaches this problem from a different position. "The law on exemption of dividends on investment securities from tax came into force on February 1. Therefore, it does not apply to income received in 2015". ----08B
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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