The number of taxpayer identification numbers available does not reflect the reality of entrepreneurs operating in the country, as many of them are simply inactive, the economist Rovshan Agayev believes.
The expert refers to different statistics. According to the State Social Protection Fund (SSPF), by the end of 2016 the number of entrepreneurs (employers) was 147 thousand. In other words, only one out of five registered entrepreneurs are real payers of taxes and deductions for compulsory state social insurance.
At the same time, according to SSPF, for 10 months of 2016, 85,000 individuals were registered, while 103,000 individuals suspended their activity. As legal entities, the number of suspended (19,550) is 3.5 times higher than the registered (5,517) payers of compulsory state social insurance.
The Ministry of Taxes does not report actual tax payers. --08D
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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