Tahir Mirkishili: Digital economy creates challenges for VAT

Turnover of online sales registers grew 1.8-fold in 2021

The State Tax Service under the Ministry of Economy refunded AZN 138.5 million of VAT to consumers through authorized banks in 2021 (AZN 33.4 million in 2020)

Economy Minister: Azerbaijan prepares development priorities

A forum on the theme "Tax reforms for inclusive & sustainable development: towards voluntary interaction with digital transformation" has been held in Baku.

State Budget tax revenue exceeds AZN 8 bn

The tax revenue of the State Budget of Azerbaijan amounted to AZN 8.5 bn (growth of 17.6% against the forecast and 15.5% compared with 2020).

Presidential Aide: Tax incentives to be introduced to stimulate activity in liberated territories

The ongoing reforms of tax policy, legislation and administration, along with the creation of adequate opportunities to ensure State Budget expenditures, serve to stimulate entrepreneurial activity.

Sharp price growth observed on aluminum

Aluminum prices have increased sharply.

Azerbaijan's external debt published

As of 1 January, Azerbaijan's external debt amounted to $8.135 bn (AZN 13.8 bn), or 14.9% of GDP.

Azerbaijan Center of IV Industrial Revolution Network opens

Inflation in eurozone has accelerated

The annual inflation in 19 eurozone countries accelerated up to 5% for January 2022 (against 5.1% a month earlier)

Karabakh Revival Fund signs agreement with PwC Azerbaijan

An agreement on the provision of third-party audit services has been signed between the Karabakh Revival Fund and PwC Azerbaijan.

Turnover of VAT payers made public

Azerbaijan to be able to use over 9,000 national standards of Turkey

MP comments on economic aspects of Shusha Declaration

"The Shusha Declaration will create new opportunities for cooperation in the economic sphere by strengthening the strategic partnership between the two fraternal countries,"

Azerbaijan's State Budget has surplus of AZN 2 bn

Deputy minister: WB rendered technical support to Azerbaijan for $20 million

Over the past 9 years European companies have invested more than $20 bn in Azerbaijan.

Activity of Ganja Alumina Plant to be restored

Tajik company TALCO transports its aluminum products to the EU countries via sea and rail routes to Azerbaijan.

Deputy economy ministers introduced to the staff

First Deputy Minister of Economy Elnur Aliyev and Deputy Minister Rovnag Abdullayev have been introduced to the team.

Azerbaijan's economy sees best start for past 12 years

Real GDP increased by 5.8% in January of this year in Azerbaijan in annual expression.

Chamber of Auditors suspends activities of some companies

Economic growth increased by 5.6%, AZN 16 bn invested in fixed assets

In 2021, economic growth made up 5.6%, the non-oil sector grew by 7.2%

Economy Minister: Positive dynamics forms in Azerbaijan's foreign trade balance

Along with the rise in oil prices in 2021, the high growth rate in the export of nonoil products in Azerbaijan has led to positive dynamics in the foreign trade balance.