“If tomorrow people go to Georgia to open a bank account, it will be a natural response to the 18% VAT on e-commerce in Azerbaijan purchases abroad,” said the President of Azerbaijan Internet Forum Osman Gunduz .
Azerbaijani citizens prefer to go on vacation to Georgia. Now, in order to reduce their costs, they will also "stock up" bank cards of Georgia, Gunduz wrote in his Facebook account. From this year, according to the amendments to the Tax Code, the purchase of goods from foreign online stores, Play Store bank cards of Azerbaijan, as well as advertising services through social networks and Google VAT will be deducted.
According to Osman Gunduz, rather than to limit the opportunities of e-commerce, it is necessary to stimulate the local e-commerce and fully integrate into the international payment portals. ----08D
Economics
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Azerbaijan and EIB Global, the European Investment Bank’s external branch, signed a Memorandum of Understanding (MoU) at the COP29 climate summit to modernize and expand the Baku metro network, officials said on Thursday.
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International Energy Agency (IEA) Executive Director Fatih Biröl underscored the importance of tripling global renewable energy capacity by 2030 and doubling energy efficiency during his remarks at a ministerial meeting in Baku on Friday, emphasizing that these issues would be central to discussions at COP 29.
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During COP29, the Ministerial Meeting on Climate and Innovation Dialogue of the United Nations Special Programme for the Economies of Central Asia (SPECA) marked a milestone with the signing of a declaration to establish the SPECA Climate and Innovation Dialogue and the launch of the SPECA Multilateral Trust Fund.
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Kazakhstan's Vice Minister of Energy, Ilyas Bakhytzhan, highlighted the ambitious sustainability and environmental security plans shared by Central Asian countries and Azerbaijan during a joint event with IRENA and Azerbaijan's Ministry of Energy at COP29.
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