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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Azerbaijan’s Minister of Economy, Mikayil Jabbarov, participated in the "Circle of Leaders: Financing the Energy Transition - New Horizons" session during the World Economic Forum (WEF) in Davos, emphasizing the country’s strategic role in global energy security and its green energy transition initiatives.
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Around 200 employees of SOCAR, Azerbaijan's state oil company, staged a strike in Batumi, Georgia, on January 21,demanding wage increases, local outlet Batumelebi reported. Participants included technicians and staff from various departments who argued that their long-standing minimal salaries fail to reflect their workload.
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On January 21, during a meeting in Davos, Azerbaijani President Ilham Aliyev met with Henrik Poulsen, Chairman of the Supervisory Board of Carlsberg Group, and Jacob Aarup-Andersen, the company's CEO. The discussions emphasized Carlsberg Group's expanding presence in Azerbaijan and its commitment to developing local production and sustainability.
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In 2024, Azerbaijan's "Single Window" Export Support Center processed 1,747 requests from businesses and individuals, facilitating the issuance of 3,982 export certificates. According to Vusal Gasimli, Executive Director of the Center for Analysis of Economic Reforms and Communications, these efforts supported export operations valued at USD 288.2 million.
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