The Cabinet of Ministers approved on March 29 a new composition of the interdepartmental expert commission for cash registers. The commission in its former composition operated since 1995.
The commission consists of 9 members, which are headed by the Minister of Taxes. It includes representatives of the Ministries of Taxes, Finance and Economics, the State Statistics Committee, the State Committee for Standardization, Metrology and Patents, as well as the Central Bank and the Central Union of Cooperatives.
The authority of the expert commission includes the organization of production, application of cash registers and the creation of a state list of cash registers used in the country.
Despite the efforts of the government and the adoption of regulations, cash payments in the sphere of trade and services are still carried out in violation of the rules for the use of cash registers, which leads to tax evasion. -------08D
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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