At today’s fifth tax forum "Tax system in Azerbaijan: realities and prospects" the head of the tax departmentN1 NatigShirinov named the main priorities of the development of the tax system. According to him, this is the improvement of the investment environment, expanding the tax base and improving tax account for a constant monitoring of the benefits and tax exemptions.
He believes it is important tointroduce taxation of electronic commerce and stimulation of cashless payments. In terms of improvement of tax accounting for several years, work is underway, including the introduction of electronic accounting. --17D-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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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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