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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Azerbaijan Caspian Shipping Company (ASCO) has resumed regular cargo and passenger transportation after severe weather conditions disrupted operations in the Caspian Sea, the company said on Monday.
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Azerbaijan can overcome the so-called "middle-income trap" by increasing investments, improving the investment environment, and enhancing knowledge and skills, Deputy Minister of Economy Samad Bashirli said in Baku at the presentation of the World Bank’s Global Report World Development Report – 2024 (WDR).
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Countries in Europe and Central Asia must not only attract investment but also actively adapt and disseminate technology to ensure sustainable economic growth, according to Ivailo Izvorski, Chief Economist for the region at the World Bank. Speaking at the presentation of the World Development Report 2024, Izvorski highlighted structural issues that are slowing down private sector development.
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Azerbaijan is now among 54 middle-income countries, said Shahmar Movsumov, Head of the Department for Economic Affairs and Innovative Development Policy at the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku.
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