For 2012, taxpayers have been submitted to the Ministry of taxes of more than 312 million tax returns, 96.8% of which were completed on time - by April 1 of this year. At the same time 94.3% of returns were filled in an electronic format, the report said the Ministry of Taxes.
The bulk of the taxpayers in Azerbaijan, whose number has already exceeded 400 thousand, are payers of the simplified system. Therefore, the declarations of income are not many of them. Despite the broad information campaign, not all taxpayers have provided reports and declarations on time. Annual tax return submitted, 96.2%, return on profit - 951%, the income tax return - 97.8%, a declaration of road tax - 94.3%, a declaration of the property tax - 90.3% of taxpayers.
In Azerbaijan since 2005, the law "On Combating Corruption", according to which civil servants are required to submit an income tax return. So far, however, this system does not work. - 08D-
Economics
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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