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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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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