![Deviations from the rules of the cash payments are popular among entrepreneurs](https://turan.az/resized/750/500/resize/media/2014/main/070500083450.jpg)
Deviations from the rules of the cash payments are popular among entrepreneurs
The most popular violations of the tax legislation in June were deviations from the rules of cash payments. The Tax Ministry revealed 2,662 such cases.
According to the official statement of the ministry, last month they identified 5,765 taxpayers who did not observe the law. Thus, 1,263 natural persons were engaged in business without a license, 731 people received payments in foreign currency in unintended places. At 378 taxpayers the ministry identified lack of employment contracts with employees. At 319 privateers engaged in the carriage of passengers, there were no "insignia" to confirm the payment of taxes. There were those (153 people), who sold excisable goods without the availability of the excise stamps. - 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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