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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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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