Futher changes will be made in the Tax Code of Azerbaijan, said at today's press conference in response to orders of the President on August 4 "On the improvement of the tax administration and approve directions of reforms carried out in the tax area in 2016," the deputy minister taxes Ilkin Veliyev. According to him, first of all it is necessary to tighten control over the operations of the country's citizens, carried out in the territory of offshore zones, as well as to encourage non-cash payments by a decrease in average tax rates. He touched the introduction of the system Tax Free, carried out from 16 June to foreigners. According to official data, beginning from this date more than 104 million manat was transferred to citizens of 45 countries (80% VAT on the purchase of specialized stores at the territory of Heydar Aliyev International Airport Deputy Minister did not rule out the possibility of its application in all other checkpoints of Azerbaijan. - 17D-
Economics
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The State Oil Company of Azerbaijan (SOCAR) and Italy's Eni S.p.A. have signed a Memorandum of Understanding (MoU) focused on energy transition. Azerbaijani Economy Minister Mikail Jabbarov announced the agreement on his account on the social network "X".
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Azerbaijani Economy Minister Mikail Jabbarov met on July 29 with Ali Kibar, Chairman of Turkish conglomerate Kibar Holding, to discuss strengthening bilateral cooperation, boosting investment in industrial production, and supporting partnerships in the energy sector.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved the application form specified in Article 30.1 of the Competition Code. This decision aims to align with the President’s decree No. 1051-VIQ dated December 2, 2023, and address regulatory requirements related to the implementation of the Competition Code.
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Azerbaijani President Ilham Aliyev has issued a decree amending the Land Code of the Republic of Azerbaijan, effective January 2025. The legislative adjustments aim to refine the management and use of agricultural land and enhance regulatory processes.
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