This year, the ministry will introduce a tax system taxes on mobile phones. It is already underway in this direction.
According to the head of the Main Department of Tax Policy and Strategic Studies Akif Musayev, it will be possible thanks to the introduction of Pre-filled tax return. Innovation involves filing tax returns by the tax authorities in electronic form.
At the initial stage, the system Pre-filled tax return will cover the value-added taxes. The data in the declaration will be made based on the performance of electronic invoices for VAT. The Ministry through the escrow account for VAT can track all transactions of the taxpayer.
Drafted by the declaration will be forwarded for approval to the taxpayer or to the adjustment in the event of discrepancies. The entire filling process and the declaration of the taxpayer will be carried out in real time.
According to the World Bank, the entrepreneurs in Azerbaijan for filling VAT returns spend 141 hours a year. Application of Pre-filled tax return will significantly reduce the time. In addition, the system can reduce administrative costs taxpayers. - 17D-
Economics
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Azerbaijan's legal and physical entities engaged in trade operations with partners from 176 countries between January and November 2024, exporting goods to 120 nations and importing from 167, according to the State Customs Committee.
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Azerbaijan's retail trade turnover climbed 3.9% in real terms in 2024 compared to the previous year, reaching a total of 62.2 billion manats, the State Statistics Committee revealed. Food, beverages, and tobacco accounted for 34.1 billion manats, while non-food products contributed 28.1 billion manats to the total.
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Azerbaijan has temporarily suspended the import of cattle, poultry, and related products from several regions following outbreaks of foot-and-mouth disease and highly pathogenic avian influenza in Europe, the Middle East, and Africa, the country's Food Safety Agency (AQTA) reported.
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Azerbaijan has initiated the creation of the Trans-Caspian Customs Transit Portal, an ambitious project aimed at simplifying and accelerating customs procedures for goods transiting through regional countries. The portal, which facilitates faster goods clearance through pre-processing of data and streamlined formalities, is seen as a key step toward enhancing trade efficiency in the Caspian region.
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