The Ministry of Taxes has three times reduced the time required for the state registration of commercial legal entity. According to the information on the site, this is done in accordance with the order of the head of the ministry, Fazil Mammadov, according to which the corresponding administrative regulations and rules have changed.
According to the innovation, the period required for registration has been reduced from 3 to 1 days and for electronic registration valid for a maximum of 1-3 days it is also defined in one day.
Also introduced is a rule on the provision of an online-mode electronic certificate of commencing or canceling tax registration. The innovation came into effect from 20 February.
As of February 1, the number of registered taxpayers reached 616,242, which is 71,261 or 13% more than in the same period in 2014. The ministry does not monitor the causes of the closure of many newly formed companies.--17D-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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