The Baku City Tax Department lost its status as an independent structure of the Ministry of Taxes. The corresponding change in the structure of the ministry was introduced by the presidential decree on February 2.
From now on, the Department will operate under the Ministry of Taxes as his other two units: the Department of Preliminary Investigation of Tax Crimes and the Department of Special Regime Revenue Service. The position of the Department of Taxes Baku under the Ministry of Taxes was approved on the same day by the Minister of Taxes.
It is noteworthy that the new structure does not mention the Tax Audit Department of the Ministry of Taxes. There is no representative of this department in the new structure of Board of the Ministry of Taxes, although the Ministry of Taxes has not reported on the abolition of the structure. The new composition of the Board of the Ministry of Taxes was approved also on 2 February.
Note that on February 2 the Department of Analytical Information of the Taxes Ministry reported reshuffle in four of the 12 regional tax offices. "With the purpose to make full use of the tax capacity and revenue forecasts in the line approved" the leaders of these regional tax offices were removed from office and others were appointed in their place. ----08D
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review