As of 1st October 2013 the total size of taxpayers' debt to the state budget was reduced in comparison with the beginning of the year by 10.9 %, while the comparable period of 2012 by 13.5 %.
From the beginning, the amount of tax debt decreased by 282.8 million manat. Thus, the tax debts now reach 2.6 billion manat. The Ministry of Taxes of Azerbaijan does not give indicators of malicious taxpayers, among whom there are large government and business entities. In Azerbaijan, information about tax debt of specific business entities is considered a trade secret.
In Analytical and information department of the Ministry of Taxes told Turan that this year fully repaid were debts on the accrued taxes of 169 thousand taxpayers. On 8228 out of these taxpayers debts were formed before the beginning of the year.
To ensure the collection of outstanding debts Taxes had to resort to 46,296 cases of decisions on compulsory payment. For decisions to open an inventory of the property, the provided payment was 50.3 million manat. - 08D-
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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