In January-June this year Azerbaijan registered 42,681 taxpayers, including 5,490 in June, Turan was told in the Ministry of Taxes.
As of 1st July 2014 the number of registered taxpayers reached about 575,000. Since January 2008, registration of subjects of taxation in Azerbaijan has been carried out on the principle of "single window". From 2011-2012, the process has been conducted electronically. Nevertheless, the majority of entrepreneurs still prefer to do business without creating a legal entity.
In the first half of this year the Ministry of Taxes transferred to the state budget 3 billion 593.8 million manat, 57% of which accounted for the non-oil and non-gas sector. At the same time tax revenues from this sector increased compared to the same period in 2013 by 15%. - 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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