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
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The INMerge Innovation Summit, organized by PASHA Holding, continued in Baku on Friday. The summit brought together leading industry leaders, startups, and investors in the fields of fintech, e-commerce, artificial intelligence, and digital business.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved a new regulation titled “Procedure for the Transfer of Regulatory Functions and Duties for Flight Safety Supervision,” aligning with the country’s obligations under international civil aviation agreements.
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In September 2024, Azerbaijan experienced a noticeable increase in the Consumer Price Index (CPI), reflecting broader economic trends and the impact of various factors on the market. The CPI, a critical indicator of inflation, rose by 3.5% compared to the same month in 2023. This growth was driven by several components, including food and non-food products, as well as paid services provided to the population.
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The shareholders of JSC "Saba" (Səba) have scheduled an extraordinary general meeting for October 28 at 15:00, where the main agenda item will be the liquidation of the joint-stock company and the formation of a liquidation commission, according to company announcements.
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