The Ministry of Taxes has begun to use the tool Risk Management from Central Location. Its essence is finding facts of tax evasion with the use of modern information technology, the implementation of tax control by electronic order, and detailed assessment of tax potential.
A source in the Analytical Information Department of the Ministry of Taxes told Turan that with the help of this mechanism it is planned to increase tax revenues, improve the quality and efficiency of tax audits, and mobilize the potential of the structural units of the agency in order to achieve the objectives.
With the help of this tool tax audits unreasonable on any risk criteria will be prevented. Checks will be extended to all taxpayers, who systematically evade taxes.
The Risk Management tool offers one of the three types of tax audit (desk, visiting and operational) in the automatic mode, depending on the nature of tax evasion. Control of all tax inspections will be carried out from a single center. ----08D
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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