During the next six months, local municipalities will be connected to a centralized information system of mass payments (Automated payment utility service or APUS) state payment portal.
At the news briefing in the Information and Computing Center, the Deputy Director of the Department for the Payment and Settlement System of the Central Bank Vahid Gurbanli said that the local self-government needs access to a system of online-payment for services rendered. For their connection to the portal technical equipment is required and after the formation of the information systems they are ready to accept payments in real time, he said.
Recall the account of the Ministry of Taxes has implemented a pilot project on the use of electronic registration of payers of municipal taxes in eight municipalities of the country. The projects successfully tested the automated tax information system of municipalities (BVIS), allowing automation of all operations associated with the payment of municipal taxes.
The Tax Code of Azerbaijan Republic considers municipal the land tax on individuals and the tax on personal property. In addition, local governments have the right to levy a mining tax on construction materials of local importance, as well as a tax on profits of enterprises and organizations in municipal property. --17D-
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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