Taxation of Transport Sphere Changing
The President instructed on the 6th of April the Cabinet of Ministers to prepare proposals for the improvement of taxation in freight and passenger transport by road transport.
In three months, the government will also prepare proposals on the responsibility for administrative violations of the rules for passenger and freight traffic.
The head of state issued a decree amending the decree "On the application of the law of Azerbaijan Republic" On the road transport ". According to this Act, control over the implementation of the rules for passenger and freight traffic in addition to implementing the Ministry of Transport and Ministry of Interior.
Currently, taxes on passenger and freight traffic are carried out under the simplified tax type. Passenger transportation by taxi will be charged a monthly tax of 9 manat per seat and on the buses - 1.8 manats per seat and 1 manat for each ton of truck capacity. -----08D
Economics
-
Azerbaijan's Cabinet of Ministers has approved amendments to the list of strategically important goods in the country's consumer market, as outlined in Decision No. 136 dated April 27, 2023. The update aligns with the implementation of the Law on State Reserves and a corresponding presidential decree, the government announced on Thursday.
-
Representatives of Azerbaijani and Latvian business circles convened in Baku for the "Azerbaijan-Latvia Information and Networking Meeting," marking a significant step in bolstering economic cooperation between the two countries. Latvian Ambassador to Azerbaijan, Edgars Skuja, underscored the event’s mission to connect entrepreneurs from both nations, aiming to enhance collaboration across multiple sectors.
-
The President of Azerbaijan approved the amendments on November 7, which were made to the “Law of the Republic of Azerbaijan on Credit Bureaus” by the Milli Majlis. The text of the amended law was published on November 28.
-
The European Bank for Reconstruction and Development (EBRD) has released its Transition Report 2024-25 for Azerbaijan, urging the country to take bold steps to improve economic governance and foster private sector development. The report outlines key priorities for Azerbaijan’s economic trajectory and highlights challenges stemming from its reliance on volatile energy markets.
Leave a review