The Cabinet of Ministers approved the ratios for the amount of tax on the metropolitan individual property. The procedure for calculating was published in the Government Decision №101 (of April 6).
According to the information on the website of the Ministry of Taxes, the coefficients are determined for 12 areas of the capital. For the first area the ratio is 1.5 and beyond - in descending order. For the second zone it is 1.4, for the third - 1.3, fourth - 1.2, fifth - 1.1, sixth - 1.00. Beginning with the seventh zone, sparing factors are defined - from 0.95 to 0.7 in the 12th area of ??the capital.
According to the text, the new rules came into force on January 1 this year. For those interested, there is a link (http://www.taxes.gov.az/uploads/qanun/2015/nk/06042015elave.pdf). --17D-
Economics
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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.
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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.
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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.
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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.
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