In 2012, the Tax Ministry carried out a series of measures to legalize the employment and detention in compliance with the legislation of individual labor contracts with employers. As a result, last year created a single database of Agreement included data 180,096 new workers employed by about 56,000 to entrepreneurs, said the Ministry of Taxes.
According to the ministry, on January 11, 2013 the information database with data on employment contracts with 1,480,925 employed persons.
According to the State Statistics Committee, AT the beginning of 2012 the number of employees in Azerbaijan amounted to 1,387,500 people.
In order to broaden the tax base Tax Ministry has started out to citizens, potential subjects of self-employment with the requirement to stand on tax accounting. According to the committee at the beginning of January 2012, there were 4,375,000 employed. Of these, 1.65 million work in agriculture, which is not subject to tax. - 08D-
Economics
-
Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
-
Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
-
Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
-
In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
Leave a review