NGO Transparency Azerbaijan considers it important to make certain changes to the Tax Code and bring agricultural land to tax. New requirements in the organization have entered since January 1st of this year. It is considered as "a danger of corruption."
The lands not used for their intended purpose due to lack of land treatment, land reclamation and irrigation conditions, will be attracted to the land tax of 0.06 AZN per 1 conditional point of 100 m2. In other cases, the tax rate will be 2 manat per 1 sq.m. The public association believes that this enables employees of local authorities to "negotiate" with the landowners, who for whatever biased reason do not use agricultural land for its intended purpose. To fix this loophole it is necessary to establish an electronic system for quality and land use.
In addition, many farmers cannot use their land for a simple reason - lack of funds. And higher taxes will lead to their impoverishment. -----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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