After simplification of tax procedures and the transition to a single window business registration Azerbaijan occupies a niche middling.
In a review of Paying Taxes 2014 (http://www.pwc.com/gx/en/paying-taxes/assets/pwc-paying-taxes-2014.pdf), prepared by the World Bank and the international auditing company PwC, place the country among the 77 189 countries around the world.
Average taxes in the country accounted for 40 % of earnings of entrepreneurs (including individuals) on their pay out 214 hours a year (up to 2011 was more than 500 hours), with 18 mandatory payments. For comparison - in the world of the average tax burden of 43.1 % at 268 hours for payments and a much larger number of payments ( 26.7 ) .
The share of the burden of income tax (profit tax) in Azerbaijan is 12.9 % versus 16.1 % in the world for income tax (labor tax) - 24.8% versus 16.3 % in the world, for other taxes - 2.3% vs. 10.6 % of the world. - 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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