The Ministry of Taxes held a regular conversion and created the Office of Territorial Tax Authorities.
The agency noted they created a new department in order to improve control over local tax authorities, the full and timely collection of taxes.
The new division of the Ministry of Taxes was formed through the elimination of the Main Directorate of the Analysis of Tax Offenses of Criminal Nature and Organization of the Collection of Tax Debts, the Adviser Office on Audit and Operational Control, and so forth units. How many employees are in the new office is not reported.
The head of the new Department of the Ministry of Taxes is Elchin Baylar, former Deputy Chief of the Economic Analysis and State Registration of Business Entities. --08D
Economics
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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