Veterans of the first and second group, people with disabilities, internally displaced people and refugees began to enjoy preferential tax treatment. Fans as gambling, ex-presidents of Azerbaijan and their families is generally exempt from income tax.
According to the Chief of the Tax Policy and Strategic Studies of the Ministry of Taxes Akif Musayev (an interview with "Azerbaijan"), the citizens of these categories will save AZN 47 mln from changes to the income tax.
The essence of innovation is that from the beginning, the maximum income tax rate in Azerbaijan reduced from 30% to 25%. Amount of income taxable at 14%, increased from 2 to 2500 manats.
Amount of income for individuals (not businesses) taxed at a rate of 14% has increased from 24 000 to 30 000 manats. - 17D-
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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