The Ministry of Taxes of Azerbaijan considers the current tax rate of 14% on the income of natural persons from real estate rental effective.
"Yesterday several media spread information that does not correspond to reality, saying that the ministry appealed to the government with a proposal to increase this rate to 22%. According to article 124 of the Tax Code, the tax rate on the income of natural persons from the rental of real estate is 14%, and changes in this regard are not expected. We did not address a proposal on changing it, because we do not see any reason for it," said the report (http://www.taxes.gov.az/modul.php?name=metbuat&bolme=pressreliz&pid=1254&lang). --17D-
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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