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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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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