The Ministry of Taxes has developed specific recommendations in the framework of measures to encourage non-cash payments and their active promotion. In addition, as stated in his report, they determined the list of objects in which POS-terminals have to be installed.
A set of measures was designed by the Ministry of Taxes in conjunction with the Central Bank of Azerbaijan and is designed to encourage non-cash payments, as well as to limit the cash handling finances.
According to official figures, in 2014 across the country 51 thousand POS-terminals were set up, thus the total number of operating terminals was brought to 82 thousand. Most of them (64.1%) are in Baku, while the others are in the regions. --17D-
Economics
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President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
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Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
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Azerbaijan’s parliament has approved a law establishing minimum living standards for 2025, with specific allocations for various demographic groups. The legislation, signed by President Ilham Aliyev on December 16, will come into force on January 1, 2025. The presidential decree was published on December 27.
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The President of Azerbaijan issued a decree on December 27, 2024, to implement the "2025 State Budget Law" aimed at streamlining the allocation and execution of government expenditures. The legislation, codified under law number 93-VIIQ, outlines detailed budget appropriations across various sectors, reflecting strategic priorities in defense, education, healthcare, and infrastructure.
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