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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Natural gas prices in Europe surged to their highest level since October 2023 on Friday, reflecting expectations of increased demand due to an impending cold spell in the region.
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U.S. President Donald Trump’s proposed energy and trade policies could lead to a prolonged decline in global oil and gas prices, potentially triggering economic instability in Azerbaijan from 2026 onward, unless significant structural reforms are implemented, economist Gubad Ibadoglu warned in a recent analysis.
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Azerbaijan has taken a step toward diversifying its agricultural sector by launching the country’s first commercial banana production, with local producer Fruitland introducing tropical fruits to the domestic market.
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Azerbaijan, Georgia, Turkey, and Bulgaria have agreed on the draft text of a memorandum of understanding in the field of green energy transmission, marking a significant step in the development of sustainable energy ties in the region. The document aims to expand energy exchange between the countries and establish a legal framework for the Green Energy Corridor project.
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