![Tax Officers Report](https://turan.az/resized/./turan-750-500-resize.webp)
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 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.
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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.
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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.
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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.
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