As of 1 January 2013 the total amount of debts of taxpayers before the state budget was reduced in comparison with the beginning of last year to 501.9 million or 16.2%, reported in the analytical and Turan information department of the Ministry of Taxes of Azerbaijan.
At the beginning of last year, the debts to the state budget were 9471 subjects. During the past year the debts were formed in another 195,311 taxpayers. As a result of promotional activities were closed debts 196,393 taxpayers, the ministry noted.
The report emphasizes the Taxes that 31.7% of the state budget for taxes for the year 2012 accounted for payments on overdue tax debts and coercive measures to withdrawal of funds. Revenues from similarly unruly taxpayers have increased compared to 2011 years to 94.6 million manat. To ensure the collection of outstanding debts the Ministry of Taxes had to resort to 51 thousand cases to the decision on compulsory payment, and the census of property, confiscation of vehicles. - 08D-
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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