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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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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