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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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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