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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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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