For the avoidance of taxes to the state budget the Binagadi district court administratively arrested two businessmen - Habil Aghayev for a period of 5 days and Rovshan Askerov - for a period of 3 days.
The Tax Ministry explains the preventive measure with violation by these businessmen of Article 313.1 of the Code of Administrative Offences "evasion (individuals) from the execution of decisions of courts and other bodies," sanctions on which include a decision on administrative arrest for up to 1 month.
This year, such a practice in respect of small businesses has been applied for the first time (earlier on charges of failing to pay large tax arrears there were arrested prominent businessmen - debtors on loans to the International Bank of Azerbaijan, as well as human rights defenders Intigam Aliyev, the couple Leyla and Arif Yunus, the journalist Khadija Ismayilova and others).
The ministry said that "the adoption of strict measures will enhance the sense of responsibility of taxpayers. Once again we urge taxpayers to fulfill their tax obligations on time and in full, avoiding the creation of tax debts." --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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