From January 1st a new tax will enter into force in Azerbaijan – AZN per 100 square meters for non-agricultural land.
As Turan was told in the Ministry of Agriculture, a draft has been prepared on the “criteria and rules determining the intended use and the impossibility of the intended use of agricultural land.” A document was prepared in order to apply changes to the Tax Code on the taxation of unused agricultural land.
Land used for its intended purpose and not suitable for use for objective reasons (lack of irrigation, land reclamation and so on agronomic conditions) is taxed at a rate of 0.06 manat for 1 conventional point. ----08D
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review