As of March 11 the number of taxpayers increased by 25 508 units since the beginning of the year.
According to the information of the Ministry of Taxes, they are mainly individuals (23 828 entrepreneurs), legal entities (1 680 registrations in fiscal departments). Remarkable growth is observed in the number of companies (114) with 100% of foreign registered capital, which prefer to invest in industry, construction, transport, tourism, services and trade.
Among the top foreign companies the divisions of AIRBUS, General Engineering Services and Supply Company LP, Crown Consulting, Quintera Technologies AS, Vega International Car Transport & Logistic-Trading Gesellschaft can be called.
With recent indicators Azerbaijan has registered just over 692 thousand taxpayers, most of them with the status of natural persons.
The Ministry of Taxes does not publish statistics of entrepreneurs leaving the market in less than a year – business registration through the "single window" is a maximum of 72 hours, but then artificial barriers are created, which leads to the fact that the leading foreign representatives of the non-oil sphere often leave the local market. --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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