In the five months of this year the Ministry of Taxes completed 2,509 field tax audits. This is 46.9% (2,219) less than in the comparable period of 2015.
According to the Head of Tax Audit and Operative Tax Control Department of the Ministry of Taxes Togrul Guliyev, whereas before deciding on a two-year moratorium on all checks in businesses (except for tax audits), 4,704 field tax audits were launched in October 2015, then in the first five months of this year, 2,034 such decisions were made.
The rate of tax and operational activities has also reduced. During January-May 2015 more than 36 thousand operational tax audits were carried out and about 38.2 thousand acts were compiled. For the same period this year, operational checks were carried out in objects of 4,242 taxpayers. The accrued fines and financial penalties decreased accordingly.
The total amount of these penalties is estimated at 387.3 thousand manats, while the losses of taxpayers on the results of operational checks last year were about 11 million manats. ---08D
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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