During 10 months of 2012, the Ministry to collect taxes to the state budget in taxes and penalties 5 259.7 million manats. This is 7.9% more than in the comparable period of 2011.
In the department of analytical information Taxes told Turan, that the share of non-oil sector accounted for 2,768 million or 52.6% of tax revenues. In comparison with the same period in 2011 revenues from non-oil sector rose by 13.9%.
From the beginning, there were registered 60,668 new taxpayers. All on the first of November in the country recorded 472,126 taxpayers. It should be noted that over the past 12 months, the number of taxpayers grew by only 58.6 thousand, which indicates that some companies and individuals stopped their activities. - 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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