Two of most popular products exempt from VAT since January

According to the changes to the Tax Code from 1 January 2020, the sale of poultry meat will be exempt from VAT for 4 years

To attention of VAT-payers - since January, the payment to be made in another way

If in previous years, when paying VAT the State Budget took into account the 30-day period of sale of goods, now this method has changed

Big progress achieved in tax accounting - Deputy Tax Minister

776 on-site tax audits were conducted for the past 11 months of 2019

103,000 new taxpayers registered for Jan-Nov 2019 - Sahib Alekberov

Azerbaijan registered 103,000 new taxpayers for the past 11 months of the year

GDP growth exceeds 2% first time in 5 years

This year GDP growth in Azerbaijan exceeded 2% for the first time in the last 5 years

Assets and deposits in banking sector have grown - Vusal Gasimli

For the past 11 months of the current year the State Budget surplus totaled AZN 957 million and the trade balance reached positive balance of $6 bn.

Current inflation rate in Azerbaijan is optimal

The inflation in Azerbaijan is forecasted at the level of 4.8% in 2020

Economic growth in Azerbaijan to be 3% next year

Azerbaijan`s GDP growth in 2019 exceeded 2% for the first time in the last 5 years

Industrial production in Baku unveiled – AZN 36 bn

Over Jan-Nov of the year the goods and services produced by industrial enterprises and individual entrepreneurs amounted to AZN 36 bn

Finance Minister spoke about Azerbaijan’s external state debt - We take a range of measures

The Ministry of Finance is taking a number of measures in accord with the strategy of long-term management of the external public debt of Azerbaijan

Manufacture of some products has grown

For Jan-Nov 2019 Azerbaijan observed an increase on fabrication of tobacco products by 55.7%, beverages by 40%, and foods by 10.4% compared with the 2018 same term

Property tax grew by 12%

Excise tax revenues increased by 20%

GDP increased for past 11 months

Over the past 11 months of 2019 Azerbaijan produced about AZN 73 bn of GDP

State Budget revenues published with surplus of AZN 957 million

The surplus of the State Budget of Azerbaijan for Jan-Nov 2019 amounted to AZN 956.9 million

Over Jan-Nov 2019 population`s income rose more than by 7%

By this indicator, our country is in best row in world - STATEMENT

If in 2017 the total volume of external debt servicing made up 11% of the State Budget, by 2025 this threshold will be reduced to 6.2%

Declining volumes of SOFAZ transfers to Azerbaijan’s budget are compensated by non-oil sector - Vusal Gasimli

The consolidated and state budgets for 2020 and the next three years are developed in accord with the new budget rules

Plant reduces authorized capital to AZN 633,980

Accounting should be improved - Audit Chamber chair

One of the similarities between the Azerbaijani and Russian economies is the damage done to the economy by the shadow economy

Tax legislation is based so that big business is always backed - Ministry`s official

We`re doing very serious work aimed to prevent the shadow economy

Baku to host a tax policy roundtable

A roundtable on the theme "Tax policy in the development of entrepreneurship: international experience & example of Azerbaijan" has been conducted at the Azerbaijan State University of Economics