In January this year the Ministry of Taxes registered 8,622 taxpayers (excluding individuals attracted to income tax). This is 1 % more than in January 2013.
As of February 1 this year, the number of registered taxpayers is 544 981. This is 55 more than 800 units on an annualized basis.
Taxes Ministry does not provide information about the statistics of registered legal entities and individuals, as well as non-profit organizations. Also do not have information on the electronic registration of individuals and legal entities.
Typically, the registration of local business entities takes no more than 1 day. For foreign companies, their branches and representative offices, this period lasts no more than 2 days. - 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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