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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Azerbaijan has introduced new rules to simplify the leasing of agricultural land on liberated territories, aiming to attract investments and enhance agricultural productivity, according to a presidential decree issued on November 27, 2024.
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The Asian Development Bank (ADB) allocated $10.5 million to support the retail sector in Azerbaijan, marking another step in its ongoing support for the country’s economic modernization. These investments align with Azerbaijan's broader ambitions to diversify its economy and strengthen small and medium-sized enterprises (SMEs), which are key pillars of sustainable growth.
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At today’s session of the Milli Majlis, Azerbaijan’s parliamentarians discussed and approved in the first reading a draft law increasing the minimum subsistence level for 2025. The updated figures reflect a modest rise of 10 manats, setting the nationwide living wage at 285 manats. For specific demographics, the levels are 305 manats for the working population, 232 manats for pensioners, and 246 manats for children. The same session also approved the criterion of need at 285 manats for the coming year, aligning it with the national living wage.
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This year, the plans of the Australian holding Fortescue Future Industries (FFI) for developing "green" projects in Azerbaijan have been adjusted, though negotiations initiated two years ago are ongoing, an informed source told Turan.
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