In June, the tax officers across the country revealed violations of tax legislation in 6,119 business activities with the status of legal entities or individuals.
As stated in the press release of the fiscal authorities, for the period a quarter (1,458) of them accepted payment in foreign currency in areas not provided for that, while almost as many (1,080) earned without a license. They even found 271 entrepreneurs operating without being taken into account in tax inspection.
Regarding employers - 478 of them had no employment contracts with 772 employees.
The absence of "badges" to confirm the payment of taxes for the activities in the transport of passengers in the reporting month was recorded in 372 legal entities and individuals.
In addition, 87 taxpayers were engaged in the sale of excisable goods without excise stamps on them.
Experts believe that the officials reveal minuscule tax offenses. Most of the shops sell goods without invoices or other supporting documents. Furthermore, according to the State Statistics Committee, totally 4.5 million people work, only 2.2 million of which are accounted for in the State Social Protection Fund as payers under compulsory social insurance. --17D-
Economics
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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