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
-
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