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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Azerbaijan's Cabinet of Ministers has approved amendments to the list of strategically important goods in the country's consumer market, as outlined in Decision No. 136 dated April 27, 2023. The update aligns with the implementation of the Law on State Reserves and a corresponding presidential decree, the government announced on Thursday.
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Representatives of Azerbaijani and Latvian business circles convened in Baku for the "Azerbaijan-Latvia Information and Networking Meeting," marking a significant step in bolstering economic cooperation between the two countries. Latvian Ambassador to Azerbaijan, Edgars Skuja, underscored the event’s mission to connect entrepreneurs from both nations, aiming to enhance collaboration across multiple sectors.
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The President of Azerbaijan approved the amendments on November 7, which were made to the “Law of the Republic of Azerbaijan on Credit Bureaus” by the Milli Majlis. The text of the amended law was published on November 28.
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The European Bank for Reconstruction and Development (EBRD) has released its Transition Report 2024-25 for Azerbaijan, urging the country to take bold steps to improve economic governance and foster private sector development. The report outlines key priorities for Azerbaijan’s economic trajectory and highlights challenges stemming from its reliance on volatile energy markets.
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