Today, it was decided to hold structural changes in the Ministry of Taxes. According to the Ministry, on the basis of the General Directorate for Analysis of Tax Crimes and Collection of Tax Debts, the Department of Control over Execution of Tax Legislation has been created. The General Directorate of Tax Audit and Operational Control has been transformed into the Department of Control over Tax Liabilities.
The General Directorate of Taxpayer Service has been liquidated and the Department of Taxpayer Service and Transparent Tax Partnership has been created instead.
The Baku Tax Department and Tax Department №1 have been also terminated. In their place three offices have been created: the Special Revenue Department, the Local Revenue Department and the Department on Work with Small Entrepreneurs of Baku. ----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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