As of September 1, Azerbaijan has registered 523,600 taxpayers. In annual terms, the tax base grew by 61,493 or 13.3 % of taxpayers, Turan was told in the Ministry of Taxes.
In the first eight months of this year were registered 49,963 taxpayers. This is 557 more than in January -August 2012. This year, 29,300 businesses and individuals took advantage of the electronic format of the registration process.
In Azerbaijan, most entrepreneurs prefer to do business without creating a legal entity. This is due to the fact that companies are subject to tax audits more often than individuals.
Since January 2008, the state registration of business entities has been done on a "single window" in the Tax Ministry and its regional offices. Since July 2011, registration has been held in electronic form. - 08D-
Economics
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Fitch Ratings has upgraded Azerbaijan’s long-term foreign currency issuer default rating (IDR) from “BB+” to “BBB-,” signifying an investment-grade status with a stable outlook. Despite this positive move, the agency highlighted several economic hurdles that could impact the country's progress.
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The number of overnight stays in hotels and hotel facilities in Azerbaijan surged by 35.8% in the first half of 2024 compared to the same period in 2023, reaching 1.851 million, according to the State Statistics Committee of Azerbaijan.
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Azerbaijan will unveil a unified electronic portal for real estate early next year, according to Nigar Alimova, Chairman of the Board of the State Cadastre and Real Estate Register at the State Property Service of the Ministry of Economy.
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AzerGold CJSC’s sorption leaching plant, located at the Chovdar Integrated Regional Processing Site (CHIRUP) in Dashkesan district, has commenced full-scale operations, the Ministry of Economy announced.
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