The list of taxpayers, who do not meet their obligations to pay taxes, includes four foreign companies operating in the field of mining and oil and gas industry services.
The Taxes Ministry updated a sort of "black list" of tax evader companies and individuals, which included 197 subjects as of November 26. Among them were subsidiaries of companies HESS (ACG) Limited, Karasu Development Company, Rotery Engineering Limited and Petroleum Services Group SA. The amount of the debt is not reported.
Among the relatively large companies that fail to tax compliance are also the dairy factory Milk-Pro, the winery venture Baki Sharab-2, the construction design company Ltd. Hydrotechniki ve Negliyyat Gurgularinin Layihelendirilmesi Uzre Hydrotransproject Elmi Tedgigat Merkezi (former Tekhnomost), the cannery Ltd. Miri Grand et al.
The Ministry of Taxes says that many companies, despite the financial capacity, delay the implementation of tax liability within the terms. Therefore, from September this year, it started to make public the list of such entities.
Many economic experts have noted that all the key financial and economic levers are concentrated in the hands of the ruling oligarchs, who are reluctant to provide the public with information on tax payments. Moreover, it is argued that these holding companies pay paltry sums to the state budget.
In many countries, the payment of taxes to the state is considered a matter of honor. The state publishes the ranking of taxpayers who pay the most taxes. In Azerbaijan, the amount of tax payments is considered a trade secret by the law. --08B--
Economics
-
On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
-
Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
-
Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
-
While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
Leave a review