From the beginning of 2015, the tax base in Azerbaijan increased by 7,114 subjects, the Ministry of Taxes told Turan.
As of February 1, the number of registered taxpayers reached 616,242, which is 71,261 or 13% more than in the same period in 2014.
The office does not report the number of commercial legal entities registered and liquidated over the period. There are also no statistics on the contribution of new business entities into the state budget.
Since January 2008 the registration of commercial legal entities and individuals in Azerbaijan has been conducted by the Ministry of Taxes on the principle of "single window". In subsequent years, registration has been undertaken with the use of information technology. Information about the founders of commercial legal entities shall not be disclosed and it is considered confidential. ---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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