The Minister of Taxes Fazil Mammadov is dissatisfied with the Department for Preliminary Investigation of Tax Crimes.
At the Board meeting Mammadov criticized the relevant structures of the Department in connection with the unsatisfactory level of the fight against illegal entrepreneurship and tax evasion in an organized manner.
The Minister said the structure of operational control in some cases is limited to acts in relation to small-scale entrepreneurs, considering their job done.
Mammadov ordered to punish the guilty employees, including termination of employment. The Minister instructed the Chief Department of Internal Security and the Apparatus of the Ministry to take urgent measures to control the discipline of execution and increase the effectiveness of coordination between the agencies.
By the decision of the Board, for the purpose of full implementation of the budget revenues structural changes were made, including the establishment of the relevant division at the Department for Preliminary Investigation of Tax Crimes and the establishment of a division to combat illegal business in the Department for Organized Crime in the Economic Sphere.
Experts believe that the Minister’s statement is connected with the approaching end of the year when they should fulfill the budgetary obligations and after his orders the tax inspectors will further strengthen their pressure on small business, which is already going through its tough times. ----71D
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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