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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Azerbaijani state power company Azerenerji, SOCAR Trading, and Italy's Ansaldo Energia have signed a trilateral agreement on carbon credits, Azerenerji announced on Friday.
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The SOCAR-UNIPER joint venture inaugurated a 65 MW steam generator unit at the "Ethylene-Polyethylene" plant on Friday as part of activities held during COP 29. The project, aimed at boosting energy efficiency, is a significant milestone for the joint efforts of SOCAR and UNIPER in Azerbaijan’s chemical industry.
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French energy giant TotalEnergies is considering participation in solar and wind power projects in the Nakhchivan Autonomous Republic of Azerbaijan, a move discussed during talks in Baku on November 15 between TotalEnergies CEO Patrick Pouyanné and Azerbaijani government officials.
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Azerbaijan's Ministry of Energy, China Energy Overseas Investment Co. Ltd., and SOCAR Green LLC have signed an agreement to implement a 160 MW solar power project in the Fizuli district, Economy Minister Mikayil Jabbarov announced on social media on Wednesday.
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