In Baku, a press conference was held on the presentation of the report Paying Taxes 2016, prepared by the World Bank together with the international auditing company PwC.
According to the company's partner in Azerbaijan, Movlana Pashayev, the country needs a number of tax reforms to further improve its position in the report Paying Taxes, in particular as regards tax audits.
According to the report, the country ranked second in Central Asia and Eastern Europe in the smallest number (7) of taxes. The leading Georgia and Ukraine have 5 types of taxes.
At the same time the tax burden in Azerbaijan (39.8%) is more than the average in these regions (35.2%), but less than the world average (40.8%). --17D-
Economics
-
Azerbaijan’s COP29 Operating Company is advancing green energy initiatives with partners to power the Baku Olympic Stadium, host of the upcoming COP29 climate summit, and to promote sustainability across Azerbaijani regions.
-
Azerbaijan's car market has shown mixed trends in 2024, with a sharp drop in the volume of imported vehicles but a rise in overall import costs, according to data for the first nine months.
-
Azerbaijan’s real estate market, particularly in Baku, continues to see significant price growth in 2024, with apartment prices up by 9.2% in the first nine months of the year. The trend is largely driven by supply shortages, inflation, and rising demand from investors, according to market analysts.
-
The Small and Medium Business Development Agency of Azerbaijan (KOBİA) has focused its support efforts on the Baku economic region, approving 220 business plans from January to September 2024, underscoring its commitment to fostering business growth within the country.
Leave a review