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
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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